Debt

Debt Financing

Custom-manufacturing player Zetwerk ties up Rs.500-Cr financing with TradeCred

Business Line  

Capital and consumer goods manufacturer Zetwerk Manufacturing has closed a INR 500 crore financing agreement with alternative debt platform TradeCred. As many as 13 family offices participated in the financing agreement. Zetwerk is a global manufacturing network for custom manufacturing that helps transform digital designs into physical manifestations. It serves more than 600 customers from around the globe and has built a supply chain of more than 4,000 suppliers in North America, Indo-Pacific, and the Middle East. During 2020-21, Zetwerk's revenue grew to INR 949 crore from INR 360 crore in 2019-20. Zetwerk's investors include D1 Capital Partners, Sequoia Capital, Accel Partners, Greenoaks, Lightspeed Partners, and Kae Capital.