Zepto Is Said to Face Sharply Lower Valuation for India IPO
Indian fast-delivery company Zepto Ltd. is seeking a valuation in an initial public offering sharply below its $7 billion peak as concerns over cash burn temper optimism around the industry...
By Rajesh Mascarenhas, Sankalp Phartiyal and Asmi Bhatia · Bloomberg Markets
Indian fast-delivery company Zepto Ltd. is seeking a valuation in an initial public offering sharply below its $7 billion peak as concerns over cash burn temper optimism around the industry and raise questions about the firm’s path to profitability.