Zetwerk, the B2B e-commerce unicorn,to raise INR 600 crore from its promoters

The IPO-bound B2B e-commerce unicorn, Zetwerk is raising ₹600 crore (approx. $70 million) from its promoters through a newly established entity called Creovate Innovation Pvt. Ltd. The company’s board approved a special resolution to issue 6.46 crore preference shares to enable this fund infusion. Creovate Innovation was incorporated in March 2025 by Zetwerk co-founders Amrit Pratik Acharya and Srinath Ramakkrushnan, who are expected to invest equally in this funding round. In parallel, Creovate is also raising ₹650 crore via debt from Avendus, RV Capital, and over 100 other investors, out of which ₹497 crore ($58.4 million) has already been received. The fresh capital will be used to support Zetwerk’s growth plans, general corporate needs, and capital expenditure. This internal funding move comes as Zetwerk gears up for its upcoming IPO and looks to strengthen its financial position while driving expansion in the manufacturing and infrastructure supply chain space.

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