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Zepto said to face sharply lower valuation for IPO
Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This contrasts sharply with its $7 billion valuation from last October's fundraise. The company aims to raise $850 million through its initial public offering. Proceeds will fund network expansion and technological infrastructure improvements.
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economictimes.indiatimes.com
Zepto said to face sharply lower valuation for IPO
Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This…
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thehindubusinessline.com
Zepto is said to face sharply lower valuation for IPO
Zepto aims for a lower IPO valuation of $4.5 billion amid concerns over profitability and cash burn in the industry.
