Zepto valuation drops nearly 50% from $7 billion peak before IPO
According to a Bloomberg report, Zepto is facing a valuation cut of almost 50% from its earlier $7 billion peak as it prepares for an IPO. This shift is driven by worries regarding the company's significant cash burn and lack of profitability. International investors currently peg the firm's worth at roughly $4.5 billion, whereas domestic institutional investors place it between $3 billion and $3.5 billion. The specific details regarding the IPO's timeline, final issue size, and ultimate valuation have not been determined yet.
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