ETtech Explainer: Why Zepto founders are taking personal debt to boost Indian ownership

Zepto cofounders Aadit Palicha and Kaivalya Vohra are in the market to raise personal structured debt as the quick commerce player prepares for a D-Street debut, ET first reported on Monday. Edelweiss Alternative Asset is likely to anchor the deal, while domestic family offices and smaller credit funds will pitch in.But why personally raise funds in the run-up to their company’s IPO? With these funds, Palicha and Vohra intend to buy stake from foreign investors of Zepto before the company goes public.

Here’s a detailed look at the Zepto promoters’…