Zepto IPO delay

Zepto delays IPO, to refile in two qtrs: CEO

Quick commerce startup Zepto has decided to postpone its listing and will refile its draft papers for an initial public offering (IPO) after two quarters, cofounder and chief executive Aadit Palicha told employees during a companywide townhall on Friday, according to people briefed on the development. ET was the first to report on July 29 that Zepto was likely to defer its listing after the valuation being discussed with public market investors came in sharply below its last private funding round.People familiar with the discussions said the IPO pricing received from large institutional invest

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.

ETtech Explainer: Inside Zepto's IPO U-turn

Zepto to raise funds amid delayed listing

Zepto Plans Pre-IPO Private Placement, Aims To Strengthen Balance Sheet Before ₹8,010 Crore Public Issue