Zepto’s IPO valuation is facing resistance from top mutual funds, according to ETtech’s Morning Dispatch. The development suggests that while the quick commerce company remains closely watched, some large institutional investors may be pushing back on pricing expectations ahead of any public market move.
The newsletter also highlights how private equity firms are continuing to place bets on artificial intelligence. That points to a broader split in the market: caution around valuations in one segment, but sustained interest in AI-linked opportunities where investors still see growth potential.
Beyond Zepto and AI, the dispatch touches on other business themes shaping the current environment. It notes that brands have remained largely quiet around protests in Delhi, while the IT sector is dealing with price wars, underscoring the pressure companies face on both positioning and profitability.
Taken together, the roundup reflects a market where capital is still available, but not without greater scrutiny. IPO-bound startups, AI-focused businesses, consumer brands and IT companies are all navigating a more selective and competitive backdrop.
