Zepto valuation dips to $3.5 billion as unlisted shares drop 23% in a week
The unlisted shares of Zepto have seen a decline of nearly 23% during the last five trading days, pushing the company's implied valuation down to approximately $3.5 billion. This drop follows the firm's decision to delay its initial public offering in favor of a private placement round before the IPO. Zepto aims to secure roughly ₹1,000 crore, while the value of its shares has slipped from ₹31 to ₹27 over the course of the week.
by shortkt.com✓