Indian supply chain startup Zetwerk eyes $1b IPO

Indian supply chain startup Zetwerk eyes $1b IPO

Tech in Asia·2024-11-12 00:01

Zetwerk, a supply chain startup based in Bangalore, is contemplating raising capital through an IPO.

The company is in talks with investment banks to potentially list on the Mumbai stock exchange next year, according to anonymous sources.

The IPO could value Zetwerk at several billion dollars. However, details such as the size, valuation, and timing of the IPO are still undetermined.

Zetwerk operates a technology platform that connects suppliers and customers in industries including aircraft engine manufacturing, consumer electronics, and home appliances.

Recent Zetwerk developments

Timeline 30-Dec-2021 💰 🇮🇳 Roundup: Zetwerk banks $210m at $2.7b valuation, more Indian startups raised $87 million today Zetwerk secures $210m at $2.7b valuation 04-Nov-2021 📈 India Roundup: Manufacturing network targets $250m round, more Zetwerk seeks US$250M funding, led by Iconiq Capital. Policybazaar’s IPO oversubscribed 17x with 572M bids. 20-Aug-2021 🚀 Lightspeed-backed Indian B2B manufacturing startup joins unicorn club Zetwerk raises $150M in Series E funding. Valuation exceeds $1 billion, joins India’s unicorn club. 03-Feb-2021 📈 Lightspeed co-leads $120m series D round in Indian manufacturing tech firm Zetwerk raises $120M in Series D funding Total funds raised reach $193M 04-Feb-2020 📈 Indian B2B startup Zetwerk banks $2.2m from Innoven Capital Zetwerk raises $2.2M from Innoven Capital Expanding platform for SMEs and OEMs in India 11-Dec-2019 🚀 Sequoia-backed Zetwerk gets $32m from Lightspeed, Greenoaks, others Zetwerk raises $32M in Series B funding Plans to expand services and international operations
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