Zetwerk promoters pledge stake; PhysicsWallah Q1 losses narrow

Zetwerk's promoters have pledged nearly a third of their stake ahead of the company's IPO. This and more in today's ETtech Top 5.

Also in the letter:

■ Shiprocket IPO subscription soars

■ AI M&As rise in India

■ Component exports shrink

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^{Nearly a third of Zetwerk promoters' stake pledged, per IPO prospectus}