Zepto CEO Palicha eyes IPO within 9 months as valuation strengthens

CEO and co-founder Aadit Palicha informed staff that Zepto intends to go public in the coming two to three quarters, provided that the company's financial performance strengthens and market conditions for its valuation become more attractive. This update follows reports that local mutual funds appraised the firm at a level lower than its targeted $4-5 billion valuation. Additionally, the company is said to be preparing for a pre-IPO capital raise exceeding ₹1,000 crore.

by shortkt.com
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Zepto CEO Palicha eyes IPO within 9 months as valuation strengthens | ShortKT