Synopsis
Zetwerk IPO update: Zetwerk has filed a confidential prospectus with the Securities and Exchange Board of India for an IPO, and is planning a Rs 5,000 crore offering while exploring a pre-IPO round. The startup is facing weaker market conditions, with new-age IPOs under pricing pressure and investors seeking aggressive valuations. Its operating revenue fell 11% in fiscal 2025, though net loss narrowed.ET reported on Monday that the company was soon looking to file its papers for a Rs 5,000 crore offering.
Zetwerk is also in discussions to raise Rs 500 crore in a pre-IPO round from Bharat Value Fund and a clutch of high-net-worth individuals at a valuation of Rs 25,000-26,000 crore.
Zetwerk has made its filing amid weaker market conditions, which is leading to new-age IPOs facing pricing pressure as public investors demand aggressive valuations, especially for loss-making companies.
For fiscal 2025, Zetwerk reported an 11% drop in its operating revenue to Rs 12,798 crore, while its net loss narrowed to Rs 371 crore against Rs 918 crore in the previous fiscal.
Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk operates a managed marketplace connecting enterprise buyers with manufacturing suppliers across sectors such as industrial machinery, electronics, renewables and aerospace.
