Last Updated on 22/11/2021 by Riya
An Indian startup Zetwerk offering manufacturing products to businesses has earned the coveted unicorn status in the South Asian market as the company today secured $150 million in a funding round. A funding round backed by D1 Capital Partners had been joined by Avenir and IIFL as well as existing investors Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital, and Accel Partners.
The startup offers a variety of products involves in the manufacturing process ranging from parts of the crane, doors to chassis of machines, and many others. With this fresh funding, the startup aims to expand its technology stack and footprints in foreign markets.
After this funding Zetwerk becomes a $1.33 billion worth startup. Zetwerk assists businesses to cope up with the quickly changing supply chain by shifting to digital manufacturing. In the past few years, the startup helped over 100 international companies to shift their supply chains to India. Just in four years, Zetwerk becomes a major source of offering quick and inexpensive manufacturing solutions to businesses worldwide.
Every business requires a stock of inventories. A business received the order and look for the manufacturers and workshops to manufacture those orders. Hence, without third-party support, no business can run successfully said, Amrit Acharya, a co-founder of Zetwerk.