The initial public offering of quick commerce firm Zepto has received strong interest. Bids have come from Norges Bank Investment Management and Motilal Oswal, among others.
These two investors are expected to cover about 40 to 45 percent of the anchor book. Other top mutual funds have also shown interest in investing.
Zepto's IPO process is still ongoing. The company did not immediately respond to queries about the bidding.
Norges already invests in companies like Eternal and Swiggy. These firms compete with Zepto through their quick commerce platforms Blinkit and Instamart.
For this IPO, Zepto's pre-money valuation is $4.3 billion. The post-money valuation is around $5.1 billion.
This valuation is about 27 percent of the $7 billion valuation Zepto had in October 2025. At that time, it raised $450 million from US CALPERS and others.
The drop in valuation is due to concerns over cash burn and profitability. This trend matches what other new-age firms like Meesho have experienced.