Zepto is putting its initial public offering (IPO) on hold and is instead seeking to raise more than ₹1,000 crore through pre-IPO funding, according to reports citing sources. The company’s decision reflects a recalibration of its public market plans as it works to align its valuation expectations with those of potential investors in the public markets.
Multiple reports indicate that Zepto is delaying its IPO after receiving a lukewarm response from market participants, including mutual fund discussions. The company is said to update its financials before returning to the market to launch its public issue.
While the IPO timing is not given, the shift toward pre-IPO capital is presented as a way for Zepto to improve positioning and approach the market with updated information and pricing expectations. The reports describe the fundraising target as exceeding ₹1,000 crore, with the intent that this would help support the company’s plans ahead of a future IPO.
