ED Pulls IPO-Bound Zepto Into Parimatch Money Laundering Probe Over Ad Links
Enforcement Directorate has asked Zepto to join its ₹3,000 Cr money laundering investigation into banned betting platform Parimatch, after uncovering ad campaigns and promotional flyers tucked into grocery deliveries. Other quick commerce players have also been contacted, casting a shadow over Zepto's IPO timeline.
ED asked IPO-bound Zepto to join its money laundering probe into banned betting platform Parimatch, after finding Zepto ran ad campaigns and circulated promotional flyers with grocery orders. Sources say other quick commerce platforms were also contacted.