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Zepto delays IPO by 2–3 quarters as pre-IPO valuation expectations reset
Zepto has postponed its planned IPO by two to three quarters after domestic investors indicated a sharply lower valuation. The quick-commerce firm is seeking about Rs 1,000 crore in pre-IPO funding at a $4-4.5 billion valuation and may reduce its fresh issue size.
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Reported figures
From the report. Source details below
| Domestic investor valuation estimate: | $3-3.5 billion |
|---|---|
| Last valuation: | $7 billion |
| October funding raised: | $450 million |
| Target pre-IPO funding: | Rs 1,000 crore (about $105 million) |
| Original fresh issue target: | up to Rs 8,010 crore |
Also in the report
- Listing approvals valid until November next year
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