Zepto unlisted shares crash 25% ahead of $1 billion July IPO
Zepto's unlisted shares have slumped 25% in three months to Rs 42-43 as the quick commerce major lines up a $1 billion IPO targeted for July at a Rs 40,000-44,000 crore valuation. Investors are reassessing the cash-burn versus profitability trade-off against listed rival Eternal's Blinkit and Swiggy Instamart.
What happened
Zepto is preparing a $1 billion IPO with a July launch, targeting Rs 40,000-44,000 crore valuation. Unlisted shares have fallen 25% in three months to Rs 42-43,
Key facts
- $1 billion IPO
- $7 billion valuation
- Rs 10,000-11,000 crore raise
- Rs 40,000-44,000 crore valuation
- 25% drop in unlisted shares
- Rs 42-43 unlisted price
Why this matters
Zepto's softening private valuation opens a narrow window to engage on partnership or minority structures at more rational terms before the IPO either resets the floor or locks in a public benchmark.