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B2B ecommerce unicorn Zetwerk has filed draft papers for an initial public offering through the confidential route, according to a Moneycontrol report.
The company plans to raise up to INR 4,200 crore (around USD 450 million) through the issue.
A separate report by The Economic Times said Zetwerk is also considering a pre-IPO round of about INR 500 crore at a valuation of USD 3 billion ahead of the listing.
Founded in 2018, Zetwerk operates a contract manufacturing platform that serves industries such as consumer electronics, aerospace and industrials across global markets.
The company’s gross revenue declined 11 percent to INR 12,798 crore in FY25 from INR 14,443 crore in FY24. However, its losses narrowed by 60 percent to INR 371 crore in FY25, compared to INR 918 crore a year earlier.
Zetwerk has raised about USD 889 million to date from investors including Greenoaks, Peak XV Partners, Lightspeed Venture Partners and Accel.
Among peers, Infra.Market has filed confidential papers with SEBI for an INR 5,000 crore IPO, while OfBusiness is planning a public issue of up to USD 1 billion, though no timeline has been disclosed.
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