The asset managers, among the biggest investors in recent IPOs, have told Bengaluru-based Zepto's representatives in recent discussions that they would not be comfortable subscribing to the issue even at the lower valuation being considered by the company, three people familiar with the matter told ET.

The asset managers, among the biggest investors in recent IPOs, have told Bengaluru-based Zepto's representatives in recent discussions that they would not be comfortable…

Happy Monday! Zepto's IPO valuation has run into resistance from top mutual funds. This and more in todays ETtech Morning Dispatch.

Zepto seeks anchor investors for its IPO, targeting a $3 billion valuation amid a competitive quick commerce market.

Zepto targets a $3 billion valuation with a ₹5,106-crore IPO, earmarking ₹2,298 crore for anchor investors.