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. 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.
Trending
- First J&K terror attack on migrants in 21 months: Two Chhattisgarh labourers die after being shot
- Seven months after her father’s death, Asmita wins India’s first CWG judo gold
- Commercial LPG prices cut by over Rs 200: Check 19-kg rates in Delhi, Kolkata
- Spain says most migrants have returned to Morocco after deadly border rush
- India screens nearly 11,000 travellers after Ebola emergency, no case detected
- Suspected Ebola case in Delhi: BSF constable from Congo mission admitted to RML, sample sent for testing
- How Yashvir Singh’s self-talk inspired a historic javelin bronze at CWG
- Trump threatens to hit Iran ‘very hard’ as US weighs fresh attack
Zepto to delay IPO by 2-3 quarters, CEO tells staff
By
Add A Comment