India, Feb. 7 -- IPO-bound B2B manufacturing unicorn Zetwerk is in talks to raise $25 Mn to $30 Mn from Indian family offices and high-net-worth individuals (HNIs), sources told Inc42.

The funding round will value the startup at $3.1 Bn and is aimed at increasing domestic ownership in the startup, the sources added.

Zetwerk declined to comment on the development.

Meanwhile, sources told Moneycontrol that the company received the board approval for the fundraise last week, adding that the fundraise is part of Zetwork's funding round of December 2024.

In December, the startup raised $70 Mn from Silicon Valley-based Khosla Ventures, Indigo Airlines cofounder Rakesh Gangwal, Baillie Gifford, among others. Overall, Zetwerk secured $90 Mn i...