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Investors Slash Zepto's Valuation, Delaying India IPO Plans
Zepto Ltd., India's rapid-commerce company, experienced a significant 68% valuation reduction during its IPO roadshow last month, leading the firm to postpone its planned public listing. The sharp cut reflects investor concerns about the company's valuation and market conditions. This delay marks a setback for one of India's prominent startup unicorns seeking to go public.
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