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Zepto founders received ED summons under FEMA, says updated IPO document
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New Delhi: Zepto co-founders Aadit Palicha and Kaivalya Vohra received summons from Enforcement Directorate (ED) in April this year, seeking information and documents related to foreign investments, financials, and the company's business, in connection with proceedings under the Foreign Exchange Management Act (FEMA), the IPO-bound quick commerce firm has disclosed in its updated Draft Red Herring Prospectus (UDRHP).The disclosure appears in the section on risk factors of the latest document.Zep
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