Feb 6, 03:23 PM

Lenskart Plans $1 Billion IPO with 5 Investment Banks, Zepto Seeks $300 Million, Zetwerk Eyes $20-30 Million

Lenskart is reportedly in discussions with five investment banks to initiate a substantial initial public offering (IPO) exceeding $1 billion later this month. This development follows earlier reports indicating the company's intentions to seek IPO pitches. Additionally, Zepto is preparing for its own IPO, aiming to raise $300 million through a share sale targeting domestic mutual funds. Meanwhile, Zetwerk is in negotiations to secure between $20 million and $30 million from family offices and high-net-worth individuals as it gears up for its IPO. Other notable updates in the tech and startup sector include Swiggy's widening losses, a slowdown in fintech lending, and Infosys's plans for a salary hike by March.

#Lenskart #Zepto #Zetwerk #Swiggy #Infosys

Written with ChatGPT (GPT-4o mini).

Sources

ETtech@ETtech
2 years ago
🚨🚨#ETtechWebstory || Top tech and startup stories of the day ➡️ Check out https://t.co/FlvVFGfgxt
ETtech@ETtech
2 years ago
🚨🚨#ETtechWebstory || ETtech Top 5: Top tech and startup stories of the day ➡️ Check out: https://t.co/FlvVFGfgxt
Chandra R. Srikanth@chandrarsrikant
2 years ago
🚨 Tech 3 Today. Packed edition yet again 💪🏻🔥 Just in: PhonePe to exit account aggregator business One quick thing: US tech giants caught in legal tangle over CSAM reporting In today’s newsletter: New day, new funding round at Zepto Infosys sacks freshers Bike taxis rev up…

Lenskart Plans $1 Billion IPO with 5 Investment Banks, Zepto Seeks $300 Million, Zetwerk Eyes $20-30 Million

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