Zetwerk is in talks with JP Morgan about a prospective IPO, with the goal of raising $1 billion

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Zetwerk, founded in 2018 by Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, and Vishal Chaudhary, connects manufacturers to vendors and suppliers

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According to Bloomberg, the business is in talks with investment bankers to go public in Mumbai next year

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Details such as size, value, and time may change, as these are preliminary considerations with no final decisions made

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According to the report, the potential listing might increase Zetwerk's worth by several billion dollars

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The unicorn was last valued at $2.8 billion

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Zetwerk, with investors including Peak XV Partners, Mars Growth Capital, and Greenoaks Capital, has raised over $700 million in total capital

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A month ago, the contract manufacturing company announced plans to invest INR 500 Cr over two years to increase manufacturing capacity for renewables

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Ten startups have already been listed on exchanges this year, with more planned for the following year

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