Zepto IPO anchor book nears closure with Norges, Motilal Oswal targeting 40-45% stake

The quick-commerce startup's upcoming listing is valued at $5.1 billion, a significant retreat from its previous $7 billion peak.

By Handelsavisen Newsroom · Automated 2026-07-17 14:30 UTC · 1 min read

The anchor investor book for Indian quick-commerce startup Zepto is nearing closure, with the Norwegian Sovereign Wealth Fund (Norges) and Motilal Oswal emerging as key participants.

Sources indicate the two entities are positioning to take a combined 40-45% stake in the anchor portion of the upcoming initial public offering.

1 billion. This figure represents a notable adjustment from the company's previous peak valuation of $7 billion, reflecting a recalibration of expectations in the current market environment.

The deal values Zepto at approximately $5.1 billion.

This figure represents a notable adjustment from the company's previous peak valuation of $7 billion, reflecting a recalibration of expectations in the current market environment.

The participation of major institutional players like Norges signals strong interest in the quick-commerce sector despite the valuation reset.

Zepto has been adjusting its IPO strategy to align with prevailing market conditions.