Zetwerk Bags Massive Debt from JM Financial — IPO Countdown Begins! Hold onto your hats! Manufacturing supply chain unicorn Zetwerk has just raised a huge chunk of debt
Hold onto your hats! Manufacturing supply chain unicorn Zetwerk has just raised a huge chunk of debt from financial powerhouse JM Financial — and insiders say this could turbocharge its IPO plans.
According to regulatory filings, Zetwerk issued a jaw-dropping 7,500 non-convertible debentures, each worth Rs 1,00,000. That’s a serious cash infusion aimed at powering the startup’s next growth phase.
Founded by industry veterans Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma, and Vishal Chaudhary, Zetwerk is the invisible backbone of manufacturing projects worldwide — connecting buyers with suppliers specializing in machining, forging, casting, and more.
It’s not just India anymore — Zetwerk is crushing it in the US, Middle East, and Southeast Asia too.
The startup has already raised a staggering $850 million, including a recent $67 million Series F led by Khosla Ventures at a $3 billion valuation.
Rumor has it Zetwerk wants to raise over $500 million in its IPO, targeting a $5 billion valuation in the next 1-2 years. That’s a leap that could make it one of India’s top tech IPOs.
Getting debt from a titan like JM Financial isn’t just money — it’s a vote of confidence. This move could fuel Zetwerk’s global expansion, tech upgrades, and solidify its path to the stock market.
Keep your eyes peeled for Zetwerk’s financial results for FY25 — they could reveal how fast this manufacturing unicorn is really growing before it takes the plunge into public markets.
