Zepto's $7Bn Dream Meets $2.5Bn Reality as IPO Dreams Fade

India's biggest quick commerce bet is hitting a valuation wall. Zepto, the Mumbai-based 10-minute delivery startup, is now mulling an IPO delay after institutional investors slashed their valuation expectations to $2.5–3 billion — less than half its last private round of $7 billion. The company's draft prospectus, valid until August 21, now sits in limbo as the startup weighs whether to proceed at a steep markdown or retreat entirely. This is the startup world's version of...