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5h ago
Zepto files updated IPO papers, plans to raise Rs 8,010 Cr through fresh issue
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Quick-commerce unicorn Zepto has filed its updated draft red herring prospectus with plans to raise Rs 8,010 crore through fresh issue of shares and an offer for sale for 113.47 million shares from existing investors.This will be a much awaited initial public offering (IPO) as Zepto intensely competes against Eternal's Blinkit and Swiggy’s Instamart in the quick commerce space.The shareholders selling in the planned IPO will be Nexus Ventures, Contrary ZEP Holdings, Razor Ventures Zepto, Kaiser
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