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Zepto explored sale to Flipkart before new round
short by Aditi / on Friday, 19 April, 2024
Zepto explored a majority stake sale in the company to e-commerce giant Flipkart, but the talks did not progress due to issues around valuation. Flipkart wanted to acquire Zepto at a valuation below $2 billion. It was looking for at least a $3 billion price tag, sources confirmed to The Arc. Zepto was valued at $1.4 billion last year.
read more at thearcweb.com