SynopsisIndia’s venture-backed B2B firms are grappling with debt accumulated during high-growth years, with Zetwerk directing IPO proceeds towards repayment, Infra.Market refinancing borrowings and Udaan restructuring creditor claims after a bond default. The pressure reflects how fixed repayments can compete with expansion when cash remains tied up in inventory and receivables.India's venture capital-backed B2B (business-to-business) companies are increasingly having to grapple with debt accumulated during their high-growth years. Zetwerk has said that most of its IPO (initial public offering) monies will be used to repay borrowings, Infra.Market is refinancing debt as leverage rises, and Udaan is restructuring creditor claims after a bond default.Zetwerk has earmarked Rs 1,800 crore, or 69% of its Rs 2,600 croreNow Playing