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Zepto has deferred its highly anticipated IPO after domestic investors proposed a 68% valuation cut, valuing the rapid-commerce firm at $2.3 billion against its earlier $7.2 billion unlisted valuation. Facing market skepticism over loss-making startups, the company will now raise capital privately before attempting a public listing.
Investors slash Zepto’s valuation, delaying India IPO plans
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Zepto has deferred its highly anticipated IPO after domestic investors proposed a 68% valuation cut, valuing the rapid-commerce firm at $2.3 billion against its earlier $7.2 billion unlisted valuation. Facing market skepticism over loss-making startups, the company will now raise capital privately before attempting a public listing.
Key Highlights
Zepto has deferred its highly anticipated IPO after domestic investors proposed a 68% valuation cut, valuing the rapid-commerce firm at $2.3 billion against its earlier $7.2 billion unlisted valuation.
Facing market skepticism over loss-making startups, the company will now raise capital privately before attempting a public listing..
Source
Economic Times
Published
2h ago
Impact Score
75 / 100
Category
Capital Markets
Moderate near-term volatility expected while markets assess implications for Capital Markets.
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