VC Fund Investments
B2B manufacturing platform Zetwerk raises Rs.43-Cr
Bengaluru-based B2B manufacturing unicorn Zetwerk has raised INR 43 Cr (around USD 5 Mn) through Series F3 CCPS co-led by Arc Investments and Oriental Biotech Limited.Arc Investments and Oriental Biotech infused INR 10 Cr each in the IPO-bound company, while Stargazer Fund-I invested INR 5 Cr. The remaining capital came from a group of angel investors.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 2018 and Dec 2024, Zetwerk had attracted about USD 869.87 M from 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 14,435.72 Cr in Operating Income and about INR 919.19 Cr in Net Loss.
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