Debt

Debt financing

B2B mfg services marketplace Zetwerk raises Rs.100-Cr led by Edelweiss

Mint  

Bengaluru-headquartered business-to-business (B2B) manufacturing services marketplace Zetwerk has raised around INR 100 crore in debt. The debt was raised by issuing non-convertible debentures (NCDs). Around INR 83 crore was sourced from Edelweiss Credit Plus Fund, which provides debt capital for early-to-mid-stage private companies. Another fund and a few high net-worth individuals (HNIs) contributed the rest. Perigon Consillario LLP acted as the investment banker for the transaction while Cyril Amarchand Mangaldas (CAM) was the legal advisor.