Zepto Cuts IPO Size by 20%; Valuation Pegged at $3.5-4B

Zepto is expected to reduce its IPO size by up to 20% with investor bids valuing the company at $3.5-4 billion, a sharp discount from its peak private valuation, as domestic investors push back on profitability and geopolitical concerns. Quick commerce founders need to recognize that scale-at-any-cost narratives are dead — public market investors want unit economics proof now, not promises.

Source: Inc42 ↗