New Delhi, Aug. 2 -- Zepto, a quick commerce startup, has officially confirmed that it is pausing its initial public offering (IPO) while moving ahead with a pre-IPO private placement of equity. The company said the proceeds from the financing will be used to strengthen its balance sheet ahead of a future listing.

The announcement comes after reports over the past week suggested that Zepto was reassessing its listing plans amid evolving market conditions and valuation discussions. While the company has not disclosed the size of the proposed fundraising or a revised IPO timeline, it has reiterated that the public listing remains part of its long-term plans.

In its statement, Zepto said shareholders have approved a pre-IPO private placeme...