Zepto Valuation Drops as Unlisted Shares Slide 23%

Unlisted shares of quick-commerce startup Zepto have plummeted 23% over the last five days, signaling a market-implied valuation of less than $3.5 billion.

The decline follows reports of a delayed IPO and growing investor scrutiny regarding the sustainability of loss-making quick-commerce business models in India.

Industry experts note that the 'generational wealth' narrative surrounding the startup is facing a reality check as mutual funds and institutional investors raise the bar for profitability.