Indian supply chain startup Zetwerk Pvt Ltd is considering fund-raising options including an initial public offering, which could help it raise up to $1 billion, Bloomberg reported, citing sources. The Bangalore-based company, backed by investors such as Peak XV Partners and Lightspeed India Partners, has held talks with investment banks to help it prepare for a potential IPO in Mumbai next year, sources said.

 

It is said that the potential listing could value the company at several billion dollars. According to the report, sources say that the discussions are in the initial stage and no final decision has been taken. Details like size, value, and timing may change.

About the company According to Zetwerk's website, its technology platform helps connect suppliers and customers in areas such as aircraft engine manufacturing, consumer electronics and home appliances.