Early Zetwerk backers cash out ₹1,215 Cr in IPO
By Abha Lohia ·
Zetwerk: revenue, valuation and funding and every story →
- Zetwerk connects buyers with factories and manages orders for custom-made industrial goods and parts across many sectors
- Four venture investors are selling part of their holdings in the share sale, together taking home roughly ₹1,215 crore
- The listing combines new shares worth ₹2,830 crore with ₹2,182 crore of existing shares, priced at ₹151, giving early backers large multiples
What happened
- Early investors sell part of their stake in the IPO.
- Total exit proceeds are about ₹1,215 crore.
- The issue is ₹5,012 crore, of which ₹2,182 crore is an offer for sale.
- The issue price is ₹151 a share.
Why it matters
- Shows venture returns from Indian manufacturing tech.
- Kae Capital's gross return is about 38 times its cost.
- Accel and Peak XV see roughly 19x and 24x on their main stakes.
The business
- Zetwerk runs a marketplace for custom manufacturing.
- It links buyers with a network of suppliers.
The founders
Who put in money
- Kae Capital Seller — About ₹253 crore with its affiliate.
- Accel Seller — About ₹181 crore.
- Peak XV Partners Seller — About ₹353 crore across two funds.
- Lightspeed Venture Partners Seller — Also selling part of its holding.
In numbers
₹1,215 CrInvestor exit proceeds · 2026
Terms in this story
- IPO: An IPO, or initial public offering, is the first time a company sells its shares to the general public and gets listed on a stock exchange. In India the process is supervised by SEBI and ends with the shares trading on the NSE and BSE.
- Offer for sale: In a fresh issue, the company creates new shares and receives the money. In an offer for sale (OFS), existing shareholders sell shares they already own and the company receives nothing. Most Indian IPOs are a mix of the two.
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