Zetwerk Is Said to Consider Raising $1 Billion in Indian IPO
- Bangalore-based startup speaking with prospective arrangers
- Potential listing may value firm at several billion dollars
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Zetwerk Pvt Ltd., an Indian supply chain startup, is considering fundraising options including an initial public offering that may help it raise as much as $1 billion, according to people familiar with the matter.
The Bangalore-based firm, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help prepare for a potential IPO in Mumbai next year, the people said, asking not to be identified because the matter is private. A potential listing could value the company at several billion dollars, the people said.