ED summoned Zepto founders under FEMA in April, UDRHP reveals ahead of ₹10,000 cr IPO

Zepto's updated DRHP discloses that the Enforcement Directorate summoned founders Aadit Palicha and Kaivalya Vohra in April under FEMA, seeking details on foreign investments, financials and shareholding—an overhang as the quick commerce major heads toward India's first Q-com listing with an ₹8,010 cr fresh issue.

— Source publishedTue, 9 Jun, 2026, 10:38 IST·First seen Tue, 9 Jun, 2026, 10:44 IST·Source Business Standard · Companies

What happened

Zepto's UDRHP discloses that ED summoned founders Palicha and Vohra in April 2026 under FEMA, seeking details on foreign investments, financials and

Key facts

  • ₹10,000 crore IPO
  • ₹8,010 crore fresh issue
  • 113,466,566 OFS shares
  • April 8 2026 summons

Why this matters

Zepto's FEMA disclosure raises diligence flags on foreign investment structuring across quick commerce peers and may delay strategic partnership timelines.

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