ZETWERK Manufacturing Businesses has reportedly raised USD 90 million in its latest funding round, led by Rakesh Gangwal and Khosla Ventures, according to recent media reports. This significant capital injection has propelled the company’s valuation to an impressive USD 3.1 billion. Additionally, ZETWERK has achieved a remarkable Gross Merchandise Value (GMV) of ₹17,564 crore (approximately USD 2.1 billion) for the fiscal year ending March 31, 2024.
Strategic Investments and Key Backers
The funding round saw participation from new investor Baillie Gifford and existing supporters such as Greenoaks and Avenir Growth. The infusion of funds will be pivotal in driving ZETWERK’s growth in critical sectors, including:
- Renewables
- Consumer Electronics
- Aerospace
These sectors represent strategic areas for ZETWERK’s expansion as it continues to solidify its presence in both domestic and international markets.
Diversified Offerings and Global Reach
Since 2020-21, ZETWERK has expanded beyond its industrial manufacturing roots to enter the consumer goods segment, further diversifying its portfolio. The company has also ventured into global markets, including North America, broadening its footprint and unlocking new growth opportunities.
ZETWERK’s robust supply chain encompasses over 10,000 suppliers across India, the United States, Vietnam, and Mexico, with 20% of its suppliers located outside India. This extensive network enables ZETWERK to cater to a wide array of customer requirements while maintaining efficiency and scalability.
Repeat Customers Drive Sustained Growth
An impressive 80-85% of ZETWERK’s GMV is attributed to repeat customers, reflecting the company’s reputation for delivering reliable and technology-driven manufacturing solutions. ZETWERK’s ability to foster strong customer relationships underscores its commitment to excellence across diverse industries.
Versatility Across Industries
ZETWERK’s manufacturing capabilities are evident in the wide range of projects it supports, from large-scale infrastructure projects like airports and bridges to consumer goods such as phones and TVs. This versatility highlights ZETWERK’s adaptability and growing prominence across multiple sectors.
A Vision for Global Growth
With the latest funding and a strategic focus on high-growth sectors, ZETWERK is poised for long-term success on the global stage. Its diversified operations, strong supply chain network, and commitment to innovation make it a trailblazer in the manufacturing industry.