Logistics company Shiprocket and manufacturing startup Zetwerk are both IPO ready as they believe the transition to be the only logical next step for their respective firms, according the co-founders of the two startups.
Speaking at Network18's Rising Bharat Summit in Delhi, Shiprocket CEO and co-founder Sahil Goel said the company has been an IPO ready company for about 18 months now. "We think that it brings in a lot of discipline, governance, measurability, long-term alignment from team members and investors. From the company's perspective, it is a milestone in terms of achievement, but it is also a reset. For us it is immortalising the institution we have built," he said.
Also Read: Rising Bharat: Logistics players bet on India amid tariff war 'disruption'.
Srinath Ramakkrushnan, co-founder and COO, Zetwerk said the company is actively working to be IPO ready. "IPO, is the logical next step that a company of our scale, size and diversity has to take. But thankfully, we are not under any pressure that we got to do it by tomorrow or next month."
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