Mon Dec 02 06:02:53 UTC 2024: ## Motilal Oswal Financial Services Bets Big on Quick Commerce, Investing Heavily in Zomato, Swiggy, and Zepto

**MUMBAI, NOV 29, 2024** – Motilal Oswal Financial Services (MOFSL) has demonstrated strong bullish sentiment towards the quick commerce sector, making significant investments in key players Zomato, Swiggy, and Zepto. The brokerage firm believes quick commerce is revolutionizing the Indian shopping landscape, predicting it will fundamentally reshape the organized retail sector by offering a one-stop shop for various goods and services.

MOFSL’s commitment is evident in its substantial investments:

* **Zomato:** MOFSL invested ₹1785 crore (approximately $215 million USD) in Zomato’s Qualified Institutional Placement (QIP), acquiring a 21% stake.

* **Swiggy:** The firm invested ₹84 crore (approximately $10 million USD) as an anchor investor in Swiggy’s IPO at ₹390 per share. Including pre-IPO investments, MOFSL’s total investment in Swiggy is now valued at ₹129 crore (approximately $15.5 million USD).

* **Zepto:** MOFSL participated in Zepto’s recent $350 million funding round, though the exact amount of its investment wasn’t specified in the report.

MOFSL’s bullish outlook stems from its belief that quick commerce is a major game-changer, consolidating diverse offerings like groceries, apparel, and electronics onto single platforms. This sentiment is echoed by Jefferies, another brokerage firm, which maintains a “buy” call on Zomato with a target price of ₹335, citing potential for increased customer acquisition and the success of Zomato’s new “District” app.

While Zomato’s stock experienced a 2.04% dip today, closing at approximately ₹280, it has seen significant gains recently—up 4.84% in the last week, 10.01% in the last month, 125.55% year-to-date, and 145% in the past year. Swiggy’s stock also saw a 4.24% decline today, closing around ₹471. However, it has risen 13.63% in the last week.

**Disclaimer:** The views expressed in this article are those of the experts and do not represent the views of Moneycontrol.com. Readers are advised to consult with certified financial experts before making any investment decisions.

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