Zetwerk gears up for $500-750 million IPO, brings 6 banks on board
Zetwerk, a Bengaluru-based manufacturing platform, is planning to raise $500-750 million through an IPO that could value the company at about $5 billion.
They've lined up six big investment banks—including Kotak Mahindra Capital and Goldman Sachs—to handle the process.
The IPO will likely include both new shares and some existing ones being sold.
What does Zetwerk actually do?
Zetwerk connects businesses that need custom industrial parts—think aerospace or electronics—with manufacturers who can make them.
The company reported a hefty ₹17,564 crore ($2.1 billion) in gross merchandise value for FY24 and has been turning an operational profit since mid-2021.
Other details
Zetwerk is preparing for an IPO, with a draft prospectus likely to be filed in early 2026.
Zetwerk has already raised over $700 million from investors like Khosla Ventures and ICONIQ, fueling its growth as it heads toward going public.