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Quick commerce major Zepto has reportedly postponed its initial public offering (IPO) plans by a year and now plans to hit the bourses in 2026.
A Moneycontrol report, citing sources close to the matter, said that the company is looking to reduce its cash burn and improve its profit profile.
They further added that even if Zepto files its draft red herring prospectus (DRHP) in the coming months, it is not going to IPO this year.
Inc42 has reached out to Zepto for comments on the development. The story will be updated based on its response.
In the run-up to IPO plans, Zepto reportedly renamed its registered entity from Kiranakart Technologies Private Limited to Zepto Private Limited in April.
The company’s move to shelve its public listing plan this year comes on the back of several media reports questioning high cash burns at Zepto.
Setting its IPO plans in motion, the quick commerce major, earlier this year, shifted its domicile back to India from Singapore.
Previously, it was also reported that the company was holding discussions with a clutch of domestic and global merchant bankers, including Morgan Stanley and Goldman Sachs, for a $800 Mn to $1 Bn IPO.
(The story will be updated soon.)
The post Zepto Puts IPO Plans On Hold: Report appeared first on Inc42 Media.
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