Economy · India
Zepto Delays IPO Amidst Investor Valuation Concerns
Quick commerce startup Zepto has postponed its Initial Public Offering (IPO) by an estimated two to three quarters. The decision follows a tepid response from investors regarding the company's valuation. Domestic investors reportedly offered valuations significantly lower than Zepto's last funding round. The company is now seeking Rs 1,000 crore in pre-IPO funding. This development coincides with a strong performance period for competitors like Swiggy and Eternal.
How outlets across the spectrum covered it
L 0 C 2 R 0
- Centre (2): Business Standard, The Times of India
- International (1): Bloomberg