Zepto hits investor resistance on $10B IPO valuation ask amid volatility
Quick-commerce player Zepto faces pushback on its $10B listing target, up from a $7B last valuation and an $8-9B private round. Rs 5,905 crore FY26 losses and rising competition from Amazon and Flipkart sharpen investor demands for a profitability path. PhonePe's stalled listing signals a tougher market for new-age retail.
Quick-commerce player Zepto faces investor pushback on its IPO valuation ask amid market volatility and intensifying competition from Amazon and Flipkart. PhonePe stalled its listing over valuation; investors now demand profitability paths from new-age digital retail businesses.