Zetwerk Plans Rs 5,000 Crore IPO, Seeks Rs 500 Crore Pre-IPO Funding
B2B manufacturing marketplace Zetwerk is in discussions to raise Rs 500 crore from Bharat Value Fund and HNIs at a valuation of Rs 25,000-26,000 crore, with plans for a Rs 5,000 crore IPO.
Key Points
- Zetwerk plans Rs 5,000 crore IPO, seeking Rs 500 crore pre-IPO funding
- Funding round at Rs 25,000-26,000 crore valuation (stable from previous)
- Operating revenue declined 11% to Rs 12,798 crore in FY 2024-25
- Net loss narrowed significantly to Rs 371 crore from Rs 918 crore
Full Details
Zetwerk, a leading B2B manufacturing marketplace, is currently in discussions to raise around Rs 500 crore in pre-IPO funding from Bharat Value Fund along with participation from high-net-worth individuals. The proposed funding round values the company at Rs 25,000-26,000 crore (approximately $3 billion), largely unchanged from its previous valuation. Financially, Zetwerk reported an 11% decline in operating revenue to Rs 12,798 crore for FY 2024-25, but managed to significantly narrow its net loss to Rs 371 crore from Rs 918 crore in the previous fiscal year. The company currently commands a market capitalization exceeding Rs 60,000 crore. This IPO would be one of the largest by a B2B marketplace in India.
Why It Matters
The stable valuation despite revenue decline indicates investor confidence in Zetwerk's path to profitability and the growth potential of B2B manufacturing marketplaces in India.
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