ED Summons Zepto Founders Under FEMA Weeks Before Rs 8,010 Cr IPO
Zepto's updated DRHP reveals the Enforcement Directorate summoned co-founders Aadit Palicha and Kaivalya Vohra in April 2026, seeking details on foreign investments and financials under FEMA. Founders complied. SEBI cleared the Rs 8,010 crore IPO in May 2026, but the disclosure adds a regulatory overhang heading into listing.
Zepto disclosed in its updated DRHP that ED summoned co-founders Palicha and Vohra under FEMA in April 2026, seeking details on foreign investments and financials. Founders complied; SEBI approved IPO in May 2026, targeting Rs 8,010 crore.