Economic TimesLean R·
Top funds demand deeper valuation cut for Zepto IPO
Mumbai: Top domestic mutual funds have pushed back against the valuations sought by quick commerce startup Zepto for its proposed initial public offering (IPO), multiple people told ET, potentially complicating the company's plans for an early launch of its much-awaited issue.The asset managers, among the biggest investors in recent IPOs, have told Bengaluru-based Zepto's representatives in recent discussions that they would not be comfortable subscribing to the issue even at the lower valuatio…
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