Zepto's unlisted shares plunge 23% in 5 days, valuation at $3.5 bn

Zepto's unlisted shares have fallen nearly 23% over the past five trading sessions, bringing its implied valuation to around $3.5 billion. The decline comes after the company paused its planned IPO and opted for a pre-IPO private placement. Zepto is looking to raise about ₹1,000 crore, while its share price dropped from ₹31 to ₹27 in a week.