EFSL: Zepto founders tap Edelweiss, others for Rs 1,500 crore structured debt to boost Indian ownership

Zepto founders Aadit Palicha and Kaivalya Vohra are in advanced talks with Edelweiss Alternative Asset, domestic family offices and smaller credit funds for around Rs 1,500 crore (more than $175 million) structured debt, people familiar with the matter told ET.The deal is aimed at acquiring shares from existing foreign investors to help the quick commerce [...]