Zepto wants to go public. But India's top mutual funds are saying... “Not at that price.”

Zepto is reportedly planning to launch its Rs 8,010 crore IPO in the next couple of weeks.₹8,010 crore IPO faces hurdlesBut there's one problem. According to multiple reports, top domestic mutual funds are refusing to subscribe to Zepto's proposed valuation. The startup has already lowered its IPO expectations.Top MFs push backAfter peaking at a $7 billion valuation last year, Zepto is now reportedly willing to list at around $4-5 billion. But that price is still not enough.Funds want another 30-40% cutSources have told Economic Times that leading mutual funds & domestic insurers want the valuation to be another 30-40% lower.