The Enforcement Directorate summoned Zepto co-founders Aadit Palicha and Kaivalya Vohra in April, seeking documents on foreign investments, financials, shareholding, and business model under FEMA proceedings. Both complied and appeared before the ED. The quick commerce firm, stated no further communication has been received but warned of possible future inquiries.
Business
ED Summons Zepto Founders Over Foreign Investments
