Zepto IPO valuation cut lifts Swiggy, Eternal shares as investors bet cash-burning war may ease- Moneycontrol.com

•Zepto's IPO valuation likely cut to $3 billion, a move that lifted shares of Swiggy and Eternal.

•Means Investors are less willing to finance the aggressive cash burn.

•Mutual funds were cautious about Zepto's high valuation before the valuation cut.

•Zepto received Sebi nod for its IPO in April, paving the way for its listing.