B2B firm Zetwerk eyes Rs 500 crore pre-IPO round at $3 billion valuation
Business-to-business manufacturing marketplace Zetwerk is in discussions to secure about Rs 500 crore in pre-initial public offering (IPO) funding from Bharat Value Fund, along with participation from a group of high net worth individuals (HNIs), according to people with knowledge of the development.
The proposed round is expected to value the company at Rs 25,000-26,000 crore (about $3 billion), about the same as its previous valuation, signalling cautious investor sentiment ahead of its planned public market debut.
