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Flipkart's majority stake talks with Zepto fall through

Economic Times · 1y ago

Medial

Flipkart, one of India's leading ecommerce companies, reportedly held talks with Zepto for a potential deal. However, the discussions did not progress and are unlikely to be revived. Zepto, a major player in the quick-commerce sector, has opted for a financial round instead of a strategic sale. The startup is currently in discussions with private equity funds for a fresh funding round, which is expected to value the company at around $2.5 billion. Flipkart was interested in acquiring a majority stake in Zepto, but the talks did not proceed.