Zepto Delays D-Street Drive
Taking a U-turn from its plan to go public in 2025, Zepto has deferred its IPO plans by a year. With this, the quick commerce juggernaut has joined the likes of Zetwerk, OYO and PayU India, who are also playing a wait-and-watch strategy before parking at the D-Street.
Notably, Zepto was initially targeting a $450 Mn public issue but later increased the issue size to $800 Mn to $1 Bn.
Why Defer Now? While adverse markets are somewhat to blame, Zepto is also said to be looking to reduce its cash burn and improve its…