Zetwerk Gears Up For Go Public In 12-24 Months

Manufacturing unicorn company Zetwerk plans to go public within the next 12 to 24 months and will begin preparations for its IPO this financial year.

CEO Amrit Acharya told employees that the process will start soon, with a focus on boosting productivity, cutting inefficiencies, and making sure each business unit is financially stable, as per ET report.

In his message, Acharya said the goal is to generate steady income—daily, monthly, and yearly. He added that Zetwerk will now aim to balance growth and profits, rather than just focusing on cutting costs.

The company plans to raise at least $500 million through the IPO, targeting a valuation of around $5 billion. It was last valued at $3.1 billion after raising $90 million in December.

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Now that it’s starting to generate free cash flow, CEO Amrit Acharya said the company is focusing on where to invest next. While Zetwerk doesn’t plan to become a consumer-facing brand, it is increasingly helping clients design better products. 

Acharya added that Zetwerk wants to grow from just a manufacturing company into one that focuses on research and development (R&D).

About Zetwerk 

Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk works with industrial and consumer businesses to get their products made using a global network of small manufacturers. 

The company also runs over 10 factories across India, the US and Europe.

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