Zepto Seeks $300 Million Share Sale Ahead of IPO, Plans DRHP in 45 Days; Zetwerk Eyes $20-30 Million

Zepto is preparing for an initial public offering (IPO) by tapping domestic mutual funds for a share sale valued at $300 million. This move is part of a fully secondary round where existing foreign investors will dilute their stakes. The company plans to submit its draft red herring prospectus (DRHP) within the next 45 days. Zepto's co-founder, Aadit Palicha, has communicated to potential investors his goal of achieving EBITDA breakeven during the course of these discussions. Meanwhile, other companies in the market are adjusting their strategies for IPOs, compromising on valuations and reducing issue sizes to attract investors amid volatile market conditions. Additionally, the IPO-bound company Zetwerk is reportedly in talks to raise between $20 million and $30 million from family offices and high-net-worth individuals, while Urban Company is also transitioning to a public entity and aims for a Rs 3,000-crore issue.