Zepto, the Indian quick-commerce startup promising 10-minute grocery deliveries, has decided to postpone its IPO after investor bids during the roadshow came in between $2.5 and $4.5 billion, representing a haircut of up to 64 to 68% from its $7 billion private valuation. CEO Aadit Palicha informed employees of a 2-3 quarter delay, pushing back the listing originally targeted for July 2026. The company will now raise approximately ₹1,000 crore, roughly $105 to $120 million, in a pre-IPO funding round at a valuation around $4.5 billion. For FY2026, Zepto reported operating revenue of ₹115.5 billion, a 104% year-over-year increase, but a net loss of ₹59.1 billion. This experience sends a cautionary signal across India’s startup ecosystem regarding the gap between private and public market valuations.
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