MapmyIndia to invest Rs 25 crore in Zepto
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.
