Quick commerce firm Zepto is considering reducing the size of its initial public offering (IPO) by around 20%, raising around $650-700 million in fresh capital against the originally planned $850 million (Rs 8,010 crore) , three people in the know told ET.
The move comes amid strong pushback from capital market investors over the company's valuation, which is expected to be sharply lower, at $3.5-4 billion pre-money. Zepto had closed a $450-million round in October 2025 led by US pension fund Calpers, which then valued it at $7 billion.
