Finance news
Finance news According to Bloomberg, Zetwerk has selected several banks to facilitate its IPO, including Axis Capital, Goldman Sachs, Jefferies, JM Financial, JPMorgan Chase, and Kotak Mahindra Bank. The public offering is expected to raise at least $500 million, with a potential valuation of approximately $5 billion.
By Aishwarya Anand February 8, 2025, 12:13:53 AM IST (Published)
IPO-bound B2B platform Zetwerk is actively engaging with family offices to secure an investment ranging between $20 million and $30 million, sources have exclusively informed CNBC-TV18.
Most of these discussions have concluded successfully, while a few remain in advanced stages. The company is also in negotiations with additional family offices, high-net-worth individuals (HNIs), and ultra-high-net-worth individuals (ultra-HNIs) for further investments ahead of its impending IPO.
In December, Zetwerk raised $90 million from investors including Khosla Ventures, Indigo co-founder Rakesh Gangwal, and others. This fresh capital infusion is aimed at strengthening the company’s capitalisation table as it gears up for a public market debut.
According to Bloomberg, Zetwerk has selected several banks to facilitate its IPO, including Axis Capital, Goldman Sachs, Jefferies, JM Financial, JPMorgan Chase, and Kotak Mahindra Bank. The public offering is expected to raise at least $500 million, with a potential valuation of approximately $5 billion.
