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.
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, as investors weigh profitability versus cash-burn against rivals Blinkit and Swiggy.