IPO-bound Zetwerk in Talks to Raise $20-30 Million from Family Offices and HNIs

B2B Manufacturing Unicorn Zetwerk Gears Up for Public Listing with Fresh Capital Infusion

Zetwerk, a leading B2B manufacturing unicorn, is in discussions to raise between $20-30 million from family offices and high-net-worth individuals (HNIs), as part of its preparations for an upcoming IPO. This fresh infusion of capital is aimed at strengthening the company’s capital table ahead of its public market debut.

Key Highlights:

• Capital Raise: The company seeks to raise funds at a valuation of $3.1 billion, ensuring a robust financial position before entering the public market.
• Board Approval: Zetwerk’s board recently approved the additional capital raise, which will help bolster its growth strategy.
• Series F Extension: This capital raise follows Zetwerk’s December funding round, where it secured Rs 565 crore (approximately $67 million) from prominent investors such as Khosla Ventures and The Schiehallion Fund.

Previous Fundraising:

Zetwerk has raised a total of approximately $740 million across various rounds, including a notable $120 million funding round led by Avenir Growth Capital. The company operates across industries like aerospace, consumer electronics, and home appliances, connecting suppliers and customers to drive innovation and efficiency in manufacturing.

IPO Plans:

Zetwerk is preparing for an IPO that could raise $500 million, with a projected valuation of around $5 billion. The company has engaged top-tier investment banks such as Axis Capital, Goldman Sachs, Jefferies, JM Financial, JPMorgan Chase, and Kotak Mahindra Bank to facilitate the listing. According to Bloomberg, the IPO could take place as early as 2025.

Zetwerk, which is backed by top investors like Peak XV Partners and Lightspeed India Partners, is well-positioned to strengthen its presence in the market ahead of its public offering.