Quick-commerce startup Zepto is currently in discussions with anchor investors to finalize a revised post-money valuation of approximately $3 billion for its upcoming initial public offering.
Market analysts note that institutional investors are pushing for a deeper valuation cut, reflecting broader concerns regarding the profitability of high-growth startups in the current economic climate.
The company is expected to file its final prospectus by late August, with the IPO proceeds earmarked for expanding its dark store network across 15 new Indian cities.