Zetwerk has reportedly raised ₹500 crore from Bharat Value Fund, a SEBI-registered Category II AIF, roughly two weeks after receiving SEBI's observations on its confidentially pre-filed IPO papers.
FY25 accounts filed with the Registrar of Companies show gross revenue down 11% to ₹12,798 crore, the first positive EBITDA at ₹145 crore, and the net loss cut to ₹371 crore from ₹918 crore.
The improvement came from mix rather than scale. Low-margin trading revenue fell 20% while manufacturing services grew 33.5%, and finance costs of ₹450 crore still exceed operating earnings by roug…
Neither the valuation nor the terms have been confirmed by Zetwerk. March reporting put the round in discussions at ₹25,000-26,000 crore; the July report puts it at about $4 billion, and no public…
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