IPO-bound Zetwerk to invest in co-founder's US robotics startup

IPO-bound Zetwerk has backed a new AI and robotics startup founded by its co-founder Rahul Sharma, who will transition to a non-executive role at Zetwerk. The new venture will focus on building AI-powered robotics and industrial automation solutions for manufacturing. Zetwerk got SEBI approval for its draft IPO papers looking to raise up to ₹4,200 crore on Friday.