MUMBAI: Motilal Oswal and Raamdeo Agrawal, founders of Motilal Oswal Financial Services, collectively bought shares worth $100 million in their personal capacities through a secondary transaction in Zepto, sources said. The transaction, which has shored up the IPO-bound startup’s domestic shareholding to over 35%, values the company at a flat $5 billion. Oswal and Agrawal invested $50 million each to purchase shares from a clutch of the firm’s global investors, including Nexus Venture Partners and Lachy Groom. “No foreign investor completely exited Zepto. They put out proportionately minuscule shares from their ownership to contribute to a pool aimed at increasing the company’s domestic shareholding,” sources said.Zepto declined to comment.Zepto, which has shifted its domicile from Singapore to India, has been trying to increase domestic ownership in the company and plans to eventually take it to over 50%. The latest transaction is part of the company’s broader secondary share sale, as part of which it has already secured investment commitments worth $350 million so far, largely led by Motilal Oswal ($100 million is coming from founders and the rest from the company and its clients). More investors like Edelweiss Financial Services and Hero Fincorp are expected to participate in the round, which is likely to see bigger investments than initially estimated. TOI earlier reported that Zepto is undertaking a secondary share sale worth over $200 million.