Zepto to raise funds amid delayed listing
Indian quick-commerce startup Zepto is seeking to raise funds through a pre-IPO round at a valuation of $4-4.5 billion. The company has decided to delay its IPO by several months due to lukewarm investor interest.
Why it matters
The move reflects broader market cooling for high-valuation startups and shifting investor sentiment in the Indian tech ecosystem.
MUMBAI: Zepto on Saturday said that it will raise funds through a pre-IPO financing amid tepid response from investors to its public listing.Zepto did not share the specifics of the transaction but said that the move will strengthen its balance sheet.
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