FinanceMoneycontrol
Zepto IPO valuation cut lifts Swiggy, Eternal shares as investors bet cash-burning war may ease
in5points
Zepto's IPO valuation cut signals a potential easing of the cash-burning competition in quick commerce, lifting shares of Swiggy and Eternal.
Zepto had received Sebi approval for its IPO in April.
Investors bet that reduced cash burning among quick commerce players may improve profitability.
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