Zepto delays listing, looks to raise Rs 1,000 crore in funding
Zepto is seeking Rs 1,000 crore in pre-IPO funding, delaying its public listing plans.
The quick commerce startup is targeting a valuation of $4-4.5 billion for this investment round, over 30% lower than its previous $7 billion valuation.
Zepto aims to close the funding round within a couple of weeks and is likely to trim its original IPO issue size of Rs 8,010 crore.
The company has received interest from existing investors and is prioritizing backing from domestic investors.
Zepto's IPO delay comes amid rising competition in quick delivery space from Amazon and Flipkart.
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