Zepto pauses IPO plans for now, likely to raise over Rs 1,000 crore in pre-IPO funding from existing investors- Moneycontrol.com

•Zepto pauses IPO plans and will raise over Rs 1,000 crore in pre-IPO funding from existing investors.

•The company will do this at a valuation of around $4-4.2 billion.

•Zepto opted for the pre-IPO round due to unfavourable terms proposed by domestic mutual funds for the IPO.

•The company can raise up to 20% of the proposed fresh issue through a pre-IPO placement.