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Zypp Electric lines up $200M IPO for FY28, taps Axis, SBI Cap, DAM Capital

EV last-mile logistics startup Zypp Electric, which rents e-scooters to delivery and ecommerce firms, has appointed Axis, SBI Capital and DAM Capital for a $150-200 million IPO targeted for FY28, alongside a $40-50 million pre-IPO round.

Reported figures

From the report. Source details below

  • $331 million last valuation
  • $76.5 million raised to date
  • ₹437.9 crore FY25 revenue
  • ₹292.7 crore FY24 revenue

Other figures

  • ₹107.5 crore FY25 loss
  • 500 FOCO scooters

The source

Source Read the source at Mint

Published

Confirmed by Inc42

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