Market Highlights & Live Insights
Market veteran Raamdeo Agrawal has called Zepto’s IPO plans premature after the quick-commerce firm deferred its proposed listing amid valuation concerns. Zepto is reportedly discussing a valuation of $2.5-3 billion, sharply below its $7 billion private valuation. Agrawal said companies should tap public markets only when profitable or close to profitability, as investors focus heavily on earnings.
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