Flipkart's potential Zepto stake purchase deal falls through, Zepto to raise fresh funding.

Flipkart's discussions with Zepto for a potential stake purchase deal have fallen through and are unlikely to be revived, reported The Economic Times. Zepto is in talks with private equity funds and existing investors to close a fresh funding round, expecting a valuation of nearly $2.5 billion in the quick commerce sector. Flipkart's interest in Zepto reflects its ambition to enter the instant-delivery market.