Zepto slashes IPO valuation: Cuts issue size to Rs 5,000 crore as Mutual Funds demand 40% markdown
Quick commerce firm Zepto has begun discussions with investors to launch its initial public offering (IPO) at a post-money valuation of about $3 billion (Rs 29,000 crore) — less than half the roughly $7 billion (Rs 60,000 crore) valuation it commanded just nine months ago.
The sharp reset follows resistance from large domestic institutional investors to the pricing the company had initially sought, people familiar with the matter said. The company is targeting a pre-money valuation of around $2.5 billion (Rs 24,000 crore) for the issue, the people added.
