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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
Zepto finds itself in an extremely tight spot. Its initial public offering, once highly anticipated, is now struggling to win over investors.
Over the last couple of weeks, speculation around the IPO, especially its valuation, has intensified. Zepto is said to be testing investor appetite at a lower pre-money valuation of around $2.5 billion, down from $3-4.5 billion just days ago. For context, the company was last valued at $7 billion, when it raised $450 million in a private round in October last year. It could also defer the IPO, as reported by The Economic Times, if the valuation gap …
