India, June 5 -- Zepto Delays D-Street Drive

Taking a U-turn from its plan to go public in 2025, Zepto has deferred its IPO plans by a year. With this, the quick commerce juggernaut has joined the likes of Zetwerk, OYO and PayU India, who are also playing a wait-and-watch strategy before parking at the D-Street.

Notably, Zepto was initially targeting a $450 Mn public issue but later increased the issue size to $800 Mn to $1 Bn.

Why Defer Now? While adverse markets are somewhat to blame, Zepto is also said to be looking to reduce its cash burn and improve its profit profile before hitting the exchanges. However, Zepto CEO and cofounder Aadit Palicha has hinted that the startup will file its DRHP with SEBI later this year, implying a 202...