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Zepto defers IPO as valuation gap and profitability concerns sharpen
Zepto deferred its planned IPO after valuation discussions of $2.5-3 billion, below its prior $7 billion private valuation. Investor Raamdeo Agrawal called a public listing premature without visible profitability, highlighting quick commerce’s growth-cost and dark-store investment pressures.
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Reported figures
From the report. Source details below
| October 2025 funding: | $450 million |
|---|---|
| Fresh issue planned: | Rs 8,010 crore |
| OFS: | nearly 11.35 crore shares |
| Confidential IPO filing: | December 2025 |
| SEBI approval: | May 2026 |
| Company age: | five years |
| Expected Indian equity returns: | 15% annually over five years |
| Expected Indian economic growth: | 7.5-8.5% |
| Expected corporate-profit growth: | 13-14% |
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