Zepto eyes Rs 1,000 crore pre-IPO funding, listing schedule moves back by weeks

Quick commerce company Zepto is preparing to raise around Rs 1,000 crore (about $105 million) through a pre-IPO funding round at a valuation of about $4.5 billion, people familiar with the development told TNIE.

The investment is expected to come from domestic institutional investors as well as existing backers including General Catalyst, Goodwater Capital and Nexus Venture Partners.

The fundraising plan comes after the company delayed its initial public offering (IPO) by a few weeks. Zepto had earlier planned to raise about Rs 5,000-6,000 crore through the IPO.