Debt

Debt financing

B2B marketplace for manufacturers Zetwerk raises Rs.75-Cr

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Bengaluru-based B2B manufacturing unicorn Zetwerk has raised INR 75 crore (USD 8.8 million) from JM Financial. The company has issued 7,500 non-convertible debentures (NCDs) at face value of INR 1,00,000 per share.Founded in 2018 by Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, Zetwerk connects vendors and suppliers with manufacturing companies for procuring industrial machine components, helping customers reduce costs, optimize suppliers and execute production faster.

Between Aug-18 and Mar-25, Zetwerk had attracted about USD 883.8-M from HDFC Bank, Stargazer Fund, Kae Capital, Peak XV Partners,Accel India, Greenoaks Capital, Lightspeed Ventures, InnoVen Capital, Stride Ventures, Mars Growth Capital, 360 ONE, D1 Capital Partners, Steadview Capital, BlackSoil Capital, Edelweiss Private Equity, Avenir Growth, Wheelhouse Ventures, Avenir Growth, Baillie Gifford, Khosla Ventures and others.For FY24, Zetwerk had reported about INR 14,435.75 Cr in Operating Income and about INR Cr in 919 Net Loss.