Zepto Files UDRHP, GPS Renewables Bags Rs.635 Cr & More
India, June 9 -- Zepto's Rs.8,010 Cr Fresh Issue
A dilemma over making the public market move seems to have gripped India's startup ecosystem lately. While companies such as PhonePe and Curefoods have slowed their IPO plans amid valuation concerns and cautious investor sentiment, quick commerce major Zepto is charging ahead with its stock market debut.
Betting Big Despite Losses: Weeks after receiving SEBI's approval, Zepto has filed its updated draft papers for an IPO comprising a fresh issue of Rs.8,010 Cr and an offer-for-sale by existing investors. The company plans to use the proceeds to expand its dark store network, invest in its subsidiaries and pursue inorganic growth opportunities.
Zepto's IPO push comes at a time when public...
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