Zetwerk to Go Public within 15-24 Months: CEO Amrit Acharya
In a significant development, Zetwerk, a leading Indian business to business (B2B) e-commerce platform, is planning to list its shares on the stock market within the next 15-24 months. This announcement was made by CEO Amrit Acharya on Saturday, sending shockwaves through the business community.
Zetwerk’s decision to go public comes as the company is experiencing rapid growth, driven by the increasing demand for its services in the global electronics production market. The platform, which was valued at ₹26,954 crore (approximately $3.5 billion) last year, has recently opened a new factory in Chennai as an export hub to cater to the growing demand.
Acharya’s announcement is seen as a significant vote of confidence in the Indian economy, which has been attracting global companies looking to shift their production bases to the country. Google and Apple, two of the world’s largest technology companies, have already made significant investments in India, and Zetwerk’s decision to go public is likely to further accelerate the trend.
So, what’s driving Zetwerk’s decision to go public? And what does this mean for the Indian economy and the global electronics industry? Let’s dive deeper to find out.
Growing Demand for Electronics Production
The global electronics industry is witnessing unprecedented growth, driven by the increasing demand for smartphones, laptops, and other electronic devices. According to a report by the International Trade Centre, the global electronics trade is expected to reach $1.4 trillion by 2025, up from $1.1 trillion in 2020.
India, with its large pool of skilled labor, favorable business environment, and strategic location, is emerging as a key hub for electronics production. The Indian government’s “Make in India” initiative, aimed at promoting domestic manufacturing, has also played a significant role in attracting global companies to the country.
Zetwerk, which was founded in 2018, has been at the forefront of this trend. The company’s platform connects manufacturers with suppliers and buyers, making it easier for businesses to source components and materials. Zetwerk’s platform has enabled companies to reduce their supply chain costs, improve quality, and increase efficiency.
Zetwerk’s Growth Story
Zetwerk’s growth story is a remarkable one. The company, which started as a small startup, has grown rapidly to become one of the leading B2B e-commerce platforms in India. In 2020, Zetwerk raised $52 million in funding from investors such as Lightspeed Ventures and Zomato’s founder, Deepinder Goyal.
The company’s revenue has grown exponentially over the years, with its annual revenue reaching ₹1,500 crore (approximately $200 million) in 2020-21. Zetwerk’s growth has been driven by its ability to connect manufacturers with suppliers and buyers, making it easier for businesses to source components and materials.
Going Public: What’s Next?
Zetwerk’s decision to go public is a significant milestone for the company. The company’s listing on the stock market is likely to raise funds for expansion, which will enable it to further grow its business.
The company’s IPO is expected to be a big event in the Indian capital market, with investors keen to get a piece of the action. Zetwerk’s listing is likely to be one of the biggest IPOs in India this year, and its shares are expected to be in high demand.
What Does This Mean for the Indian Economy?
Zetwerk’s decision to go public is a significant vote of confidence in the Indian economy. The company’s growth story is a testament to the country’s potential as a hub for electronics production.
The listing will also attract more foreign investment to the country, which will further accelerate the growth of the electronics industry. The Indian government’s “Make in India” initiative is likely to benefit from Zetwerk’s listing, as more global companies look to set up shop in the country.
Conclusion
Zetwerk’s decision to go public within the next 15-24 months is a significant development in the Indian business landscape. The company’s growth story is a testament to the country’s potential as a hub for electronics production.
The listing will attract more foreign investment to the country, further accelerating the growth of the electronics industry. As Zetwerk prepares for its IPO, the company is likely to play a key role in promoting India’s growth story on the global stage.
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