Zepto to delay IPO by 2-3 quarters, CEO tells staff
Quick commerce startup Zepto is delaying its planned IPO by two to three quarters due to lukewarm investor interest regarding its valuation. The company is now seeking a smaller pre-IPO funding round to bridge the gap while maintaining its existing regulatory approvals.
Why it matters
This delay highlights the cooling sentiment among investors toward high-valuation quick commerce startups in the Indian market.
MUMBAI: Zepto will defer its public listing by two to three quarters, co-founder & CEO Aadit Palicha told employees in a town hall on Friday, people familiar with the matter said. The quick commerce startup which was initially eyeing a listing around July has stalled the process after getting a tepid response from investors over valuation.“Palicha said that the company should be able to get listed in 2-3 quarters.
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