Secondary Issues
Contract manufacturer Zetwerk eyeing 2-5 acquisitions
Bengaluru-based Zetwerk, a contract manufacturer of capital and consumer goods, which raised USD 150 million recently plans to utilize the funds to grow internationally. At present, around 20% of its overall revenues come from western and international markets, while the rest comes from India. Zetwerk will continue to focus on the US, and will expand to the Middle East and Europe in the next 6-12 months. Zetwerk, which is now a Unicorn, is a horizontal platform and has clients across oil and gas, automotive, consumer electronics, apparel. The software standard has to address each of these companies, while holding on to the nuances of various sectors.
From Venture Intelligence PE-VC Deals Database: Between Jan'18 to Jun'21, Zetwerk had raised almost USD 190 million from Greenoaks Capital, Sequoia Capital, Lightspeed Ventures, Kae Capital, D1 Capital Partner, Avenir and IIFL, Accel India and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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