Zepto Fails To Attract Large Mutual Funds, Puts IPO Plans on Hold

By NDTV Profit

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Quick commerce and online delivery platform Zepto is going to pause its much-anticipated initial public offering for a few months, sources told NDTV Profit on Thursday. The buffer comes as the IPO failed to attract large mutual funds, the sources added. The company will raise up to Rs 1000 crore in the meantime from existing investors. Zepto is yet to comment on the development. Zepto had filed its updated draft red herring prospectus (DRHP) for its Rs 10,000 crore or $1 billion IPO with the Securities and Exchange Board of India (SEBI) over a month ago. #zepto #zeptoipo #zeptonews #ndtvprofit For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia Visit NDTV Profit for more news: https://www.ndtvprofit.com/ Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports Follow NDTV Profit here Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit LinkedIn: https://www.linkedin.

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