India, June 9 -- Ahead of its IPO, quick commerce giant Zepto has taken multiple hits with a trail of ongoing cases against its operating practices over the years.

Most recently, the Enforcement Directorate (ED) summoned Zepto's cofounders Aadit Palicha and Kaivalya Vohra, on April 8, regarding the company's ownership structure. The summons was issued as part of an inquiry under the Foreign Exchange Management Act, 1999 (FEMA), which regulates foreign investments, cross-border transactions, and foreign exchange dealings in India.

Based on the company's UDRHP, Kaivalya Vohra appeared before the ED on April 17 and April 22, while Aadit Palicha appeared on April 20 and May 15.

Notably, reports from earlier this month said that the ED had ...