BusinessMoneycontrol
Zepto pauses IPO, seeks Rs 1,000 crore in pre-IPO funding
in5points
Zepto pauses its IPO plans for now.
The company is likely to raise over Rs 1,000 crore in pre-IPO funding from existing investors.
The pre-IPO round is expected at a valuation of around $4-4.2 billion.
Zepto opted for the pre-IPO round after finding terms proposed by domestic mutual funds for the IPO unfavourable.
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