Zepto delays listing, looks to raise Rs 1,000 crore in funding

Zepto is seeking Rs 1,000 crore in pre-IPO funding, delaying its public listing plans. The quick commerce startup is targeting a valuation of $4-4.5 billion for this investment round. This valuation is over 30% lower than its previous $7 billion valuation. Zepto aims to close this funding round within a couple of weeks. The company is also likely to trim its original IPO issue size.