InvestorQ : Can you tell me about the fund raising plans of start-up company, Zetwerk?
Anamika Sodhani made post

Can you tell me about the fund raising plans of start-up company, Zetwerk?

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Angel dcosta answered.
4 months ago
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Zetwerk has just raised $120 million as part of its Series-E funding round. Zetwerk is a B2B marketplace for contract manufacturing. Here the service providers and the users of contract manufacturing can come on to an agnostic platform and find counterparties for their business needs. This funding actually catapults Zetwerk into the Unicorn Club.

With an indicative valuation of Rs.7,900 crore, Zetwerk becomes the 24th Indian start-up to cross $1 billion in market capitalization, which is what Unicorn basically means. The funding round was led by D1 Capital and backed by Dream 11 and Zomato. Earlier in February, Zetwerk had raised $120 million from Green Oaks Capital and Lightspeed Venture Partners as part of its Series D round of funding.

Zetwerk was set up in Bengaluru in 2018 and it essentially brings together OEM players from India and Southeast Asia and connects them to firms that require custom products and machine parts. Essentially, this platform caters to prefabricated structures for infrastructure projects, sheet metal for electric vehicles, precision parts for aerospace as well as dedicated assembly lines for consumer durables.

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