India, July 17 -- Quick commerce major Zepto could make its stock market debut at a valuation significantly below its peak private valuation of $7 Bn, as investors weigh concerns over its cash burn and path to profitability alongside broader geopolitical uncertainty and market volatility.

Foreign investors have indicated interest in Zepto's upcoming IPO at a pre-money valuation of about $4.5 Bn, implying a post-money valuation of about $5.1 Bn, sources told Inc42.

Despite the valuation discount, the IPO continues to attract institutional investor interest, the sources said. Norway's sovereign wealth fund Norges and Motilal Oswal are expected to together account for about 40-45% of Zepto's anchor book, the sources added.

The valuation d...