Zetwerk confidentially files for IPO, to raise over ₹4,200 cr: Report

E-commerce startup Zetwerk has confidentially filed for IPO to raise $450 million (over ₹4,200 crore), Moneycontrol reported, citing sources. It has appointed Kotak Mahindra Capital, JM Financial, Avendus Capital, and the Indian units of HSBC, Morgan Stanley, and Goldman Sachs as bankers for the IPO. The company also plans to raise about ₹500 crore pre-IPO at a $3 billion valuation.