Zepto said to face sharply lower valuation for IPO

Zepto Ltd. seeks a lower IPO valuation, reflecting industry cash burn concerns. Foreign investors indicate interest at $4.5 billion, while domestic ones value it lower. This contrasts sharply with its $7 billion valuation from last October's fundraise. The company aims to raise $850 million through its initial public offering. Proceeds will fund network expansion and technological infrastructure improvements.