Zetwerk Secures  $70 Mn In Series F Round Funding

Zetwerk, a contract manufacturing startup, has raised $70 million in a series F funding round, valuing the company at $3.1 billion. 

The round was led by Khosla Ventures and Rakesh Gangwal, co-founder of IndiGo Airlines. Other investors also included  UK-based Baillie Gifford, Greenoaks, and Avenir Growth.

Earlier in march, Zetwerk raised $20 million from Rakesh Gangwal, co-founder of IndiGo Airlines, through his investment firm, Wheelhouse Venture Capital.

Read also-  Climate Tech Startup Fitsol Secures $1 Mn In Seed Funding

Zetwerk has created a Build-to-Print engine that can handle complex designs across industries. This is powered by Zetwerk OS, its own manufacturing system, which manages everything from choosing suppliers and real-time tracking to smooth communication and quality checks. 

Amrit Acharya, Co-founder and CEO at Zetwerk, said, “The manufacturing sector has long grappled with challenges such as time delays, budget overruns, quality issues, and limited supplier transparency. These persistent issues have significantly impacted production timelines. Now, as countries strive to diversify their supply chains in response to global geo-political shifts, a new layer of complexity has been added.”

Jai Sajnani, Khosla Ventures, said, “Every company that requires manufacturing capabilities is focused on making their supply chains more resilient and less prone to geopolitical risks. Zetwerk has quickly become a leading manufacturing marketplace, providing customers with global options across industries, from industrials and consumer electronics to aerospace and defence. We are excited to partner with Zetwerk in this next phase of global growth."

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About Zetwerk

Founded in 2018, Zetwerk was cofounded  by Amrit Acharya, it provides complete manufacturing services to help customers lower costs, improve quality, manage inventory, and boost production efficiency.  

The startup serves over 2,000 customers in India, North America, and Europe. Most of its revenue comes from the industrial sector, like renewables and precision manufacturing, making up 92% of its total business. International sales contribute 21% of its revenue.

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