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IPO-bound Zetwerk to raise Rs.600-Cr from co-founders
IPO-bound Zetwerk is to raise INR 600 crore from Bengaluru-based Creovate Innovation Pvt Ltd, a new entity set up by the business-to-business (B2B) ecommerce platform’s co-founders.Founded in March 2025 by Amrit Acharya and Srinath Ramakkrushnan, Creovate is looking to raise INR 650 crore via debt from Avendus and RV Capital, among others.
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Between Aug-18 and Jul-25, Zetwerk had attracted about USD 893-M from HDFC Bank, Stargazer Fund, Kae Capital, Peak XV Partners, Accel India, Greenoaks Capital, Lightspeed Ventures, InnoVen Capital, Stride Ventures, Mars Growth Capital, 360 ONE, D1 Capital Partners, Steadview Capital, BlackSoil Capital, Edelweiss Private Equity, Avenir Growth, Wheelhouse Ventures, Avenir Growth, Baillie Gifford, Khosla Ventures and others.