Zepto may file draft IPO papers this month; eyes $450-500 million fundraise from public markets

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Quick commerce firm Zepto is reviving its IPO plans, aiming to raise $450-500 million through a confidential filing with Sebi in the next few weeks. The company is targeting a listing by July-September next year, following a recent $450 million funding round. Zepto is also implementing cost-reduction measures, including layoffs and reduced customer acquisition spend, to manage its cash burn.