Zepto delays IPO due to tepid investor response

Quick commerce startup Zepto has decided to delay its public listing by two to three quarters. The company's CEO informed staff that the decision was made due to tepid investor response and significantly lower valuation offers from domestic investors compared to its last funding round.

31 Jul, 23:55 — 31 Jul, 23:55

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Times of IndiaMostly Factual33d ago

Zepto to delay IPO by 2-3 quarters, CEO tells staff

Zepto will delay its public listing by two to three quarters. The quick commerce startup faced tepid investor response on its valuation. Domestic investors offered valuations significantly lower than its last funding round. The company now seeks Rs 1,000 crore in pre-IPO funding. Zepto aims for a lower valuation of around $4-4.5 billion for this investment.

By ASMITA DEY

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Zepto delays IPO due to tepid investor response

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Zepto to delay IPO by 2-3 quarters, CEO tells staff

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