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MFs push back on Zepto valuation; PEs take AI bets Want this newsletter delivered to your inbox? Also in the letter Mutual funds flag Zepto
MFs push back on Zepto valuation; PEs take AI bets Want this newsletter delivered to your inbox? Also in the letter Mutual funds flag Zepto IPO valuation What's happening? Sources said leading mutual funds have told Zepto they are unwilling to invest even at $4-5 billion, the valuation the company is considering. These investors are seeking a 30-40% cut. This has prompted the bankers and one of the company's key investors to step up discussions with money managers while also reaching out to High Networth Individuals (HNIs) and large family offices for support. Zepto already lowered its IPO valuation expectations to around $4-5 billion, down from its peak valuation of $7 billion in October 2025, when it raised $450 million from US pension fund Calpers.
Tell me more Also Read Private equity investors shift tech bets from IT services to AI startups Driving the news Kedaara Capital has planned a $30-40 million investment in healthcare AI startup RapidClaims at a valuation of $150-160 million, per sources. ET reported that EQT Partners is in talks to invest $100-120 million in enterprise AI integration startup UnifyApps. is in talks to invest $100-120 million in enterprise AI integration startup UnifyApps. Other funds such as Creaegis and A91 Partners have also invested in AI startups like Emergent and Deccan AI. Why this is happening Context Now what Also Read Vibe-coding startup Emergent's valuation jumps 5x to $1.5 billion in new funding Brands' silence becomes conspicuous amid student protest What's the news What worked Also Read How Gen Z turned protest into content: Reels, memes and the new language of dissent How Gen Z watched IT price wars squeeze Infosys out of three multi-million dollar accounts What's the news Earlier in July, the Bengaluru-headquartered firm lost nearly half of its $2 billion engagement with Mercedes-Benz., the Bengaluru-headquartered firm lost nearly half of its $2 billion engagement with Mercedes-Benz.
In February, Cognizant won a $300-million workplace solutions contract with Daimler Truck, which was earlier with Infosys. Also Read Infosys names Ashiss Kumar Dash to succeed Salil Parekh as CEO Expert take Also
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