SynopsisPeople familiar with the discussions said the IPO pricing received from large institutional investors for Zepto’s anchor book was in the $2.5-3 billion range. This marked a further reduction from the $3.5-4 billion valuation that was being discussed earlier in July, and was significantly below the $7 billion valuation at which the company raised its last private funding round in October last year.Quick commerce startup Zepto has decided to postpone its listing and will refile its draft papers for an initial public offering (IPO) after two quarters, cofounder and chief executive Aadit Palicha told employees during a companywide townhall on Friday, according to people briefed on the development. ET was the first to report on July 29 that Zepto was likely to defer its listing after the valuation being discussed with public market investorsNow Playing
Zepto defers listing, to refile IPO papers after two quarters: CEO Aadit Palicha tells employees - The Economic Times
People familiar with the discussions said the IPO pricing received from large institutional investors for Zepto’s anchor book was in the $2.5-3 billion range. This marked a further reduction from the $3.5-4 billion valuation that was being discussed earlier in July, and was significantly below the $7 billion valuation at which the company raised its last private funding round in October last year.
TL;DRAI
Zepto postpones IPO refiling for two quarters after anchor valuation dropped to $2.5-3B from $7B October round. Downturn signals venture capital pivot toward unit-economics rigor and away from hypergrowth bets lacking clear paths to profitability.
135 words~1 min read
