Motilal Oswal and Ramdev Aggarwal have personally bought shares of $ 5-5 million in Quick Commerce Unicorn Jepto. Both of them are Motilal Oswal Financial Services Limited (MOFSL) founder. Moneycontrol has come to know about this purchase, people who know the matter. The total secondary share sales of $ 100 million have taken place at a time when Jepto is increasing domestic ownership. The company wants to become a firm that is owned mainly with Indian investors.
Sources said that both Oswal and Aggarwal have bought shares from early investors of Jepto. Most of these investors are foreign investors, including rocket internet, lachi groom and others. Apart from this share purchase, Motilal Oswal is also preparing to lead another secondary round of $ 25 million in Jepto, Jepto. Sources say that the firm will raise money from its domestic investors and buy shares from Jepto’s foreign investors. Edelweiss and Hero Fincorp will also participate in $ 25 million shares purchase rounds.
Full inventory-owner model going to adopt rival blinkite
Jepto’s leading rival Blinkite recently said that it is preparing to make changes in the company’s operating model by taking direct ornaments of inventory. So far, all Quick Commerce Firms have operated the marketplace model. Blinkite has stated that under the full inventory-owner model, Blinkite’s Working Capital Requirement for FY 2025 will be less than Rs 1,000 crore. Its estimated Net Order Value (Nov) is about 5 percent of Rs 22,000 crore.
Although Swiggy Instamart, does not yet see it as a viable option. Swiggy CFO Rahul Bothra says, “From an overall economic point of view, we believe that the amount of difference may not exceed 30-35 basis points. It depends on the inventory holding in your balance sheet. Therefore, it is an option to be made on commercial models. However, we can’t deny the possibility of future changes. This is the right time. There is no plan in the near future. “