**Zetwerk Explores $1 Billion IPO: B2B Marketplace Startup Eyes Public Listing in Mumbai**
Zetwerk, the rapidly growing B2B marketplace that connects manufacturing companies with vendors and suppliers for procuring industrial machine components, is reportedly preparing for an initial public offering (IPO) that could raise up to $1 billion. According to sources familiar with the matter, the Indian startup is currently in discussions with investment bankers, including JP Morgan, to chart a course for its public debut in Mumbai, with plans to list sometime in 2025.
While these discussions are still in the early stages, the potential listing has the market buzzing, as it could value Zetwerk at several billion dollars. Bloomberg, citing individuals close to the negotiations, reported that the company is evaluating various considerations, such as IPO size, valuation, and timing, all of which remain fluid at this point. The ongoing talks suggest that Zetwerk is carefully preparing its move to go public, but no final decisions have been made yet.
Founded in 2018 by four Indian entrepreneurs—Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, and Vishal Chaudhary—Zetwerk has quickly made a name for itself as one of India’s most promising B2B startups. The company operates a platform that digitizes the procurement process for industrial machine components, connecting buyers with a vast network of manufacturers, vendors, and suppliers. Its innovative business model is designed to streamline the traditionally complex and fragmented manufacturing supply chain, which has made it an attractive player in the industrial sector.
The company’s rapid growth has caught the attention of both investors and industry insiders. Zetwerk has raised substantial capital from notable venture capital firms, including Tiger Global, Sequoia Capital, and Accel, among others. Its ability to tap into the large and underserved industrial sector has positioned it well in a competitive landscape.
In addition to its core B2B marketplace platform, Zetwerk offers services such as sourcing, project management, and quality control, providing an end-to-end solution that can optimize production processes for businesses across various industries, including aerospace, automotive, construction, and energy. The company’s ability to digitize and streamline manufacturing workflows has made it an appealing solution for companies seeking greater efficiency and cost reduction.
The planned IPO is seen as a significant milestone for the Indian startup ecosystem, particularly as more companies are looking to list on the Indian stock exchanges. It comes at a time when IPOs of tech and B2B startups have been gaining traction in India, with companies like Zomato, Nykaa, and Policybazaar having successfully gone public in recent years.
While the specifics of the IPO, including the final valuation and timing, remain uncertain, Zetwerk’s move to explore the public markets signals a strong desire to scale its operations and capitalize on its success in the B2B manufacturing sector. A successful listing could further accelerate its growth, allowing the company to expand its platform, enhance its service offerings, and potentially enter new markets.
As with any IPO, market conditions, investor sentiment, and the company’s financial health will play key roles in determining the ultimate outcome. However, if Zetwerk succeeds in raising $1 billion, it would mark a major achievement for the company, which started just six years ago, and place it firmly in the ranks of India’s most valuable tech startups.
With the Indian startup ecosystem continuing to evolve, Zetwerk’s IPO could serve as a bellwether for future B2B listings in the region. If successful, it may inspire other startups in the manufacturing and industrial sectors to consider the public market as a pathway to growth and greater visibility.
