Private equity firm Β· Mumbai, India
Motilal Oswal Private Equity
About
Motilal Oswal Private Equity is the private equity arm of Indian financial services group Motilal Oswal, investing in growth-stage Indian companies.
APAC secondaries activity
Motilal Oswal PE was reported to be in discussions for a secondary stake in Zepto in early 2025, ahead of the quick-commerce company's later IPO-stage secondary offering.
What a transaction here looks like
An Indian private equity manager encounters secondaries primarily as a seller: positions held past their expected exit horizon, and portfolios where an IPO has become the realistic liquidity route. India's listing market has been the region's most active, which makes the offer-for-sale mechanism the dominant exit rather than a private secondary transaction.
Who sits on the other side
Counterparties are domestic and international buyers of fund stakes, and public market investors when a portfolio company lists. For a reader, the Indian pattern is distinctive: liquidity concentrates around listings, so the secondary question there is more often about timing and lock-ins than about finding a private buyer.