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Homegrown digital mapping services company MapmyIndia will invest Rs 25 crore in quick commerce startup Zepto for a 0.049% stake, according to regulatory filings made with the exchanges.
MapmyIndia said in the filing that its board has approved the proposal to invest in Zepto.
Last month, Mumbai-based non-banking finance company Elcid Investments had picked a small stake in Zepto for Rs 7.5 crore.
Investments by both MapmyIndia and Elcid Investments value Zepto at Rs 51,000 crore (around $5.9 billion)
These share purchases are being done via secondary…
