Just like every industry in India is evolving with time and is experiencing tremendous innovation, so how can the manufacturing industry be left behind? The manufacturing industry too is experiencing revolution, and Zetwerk takes the center stage in reshaping the traditional ways of the industry. Let’s know about it more and get into the details of Zetwerk funding, valuation, and about the shareholders who trusted the company with their vision.
In the discussion we will explore how this startup turned into one of the major players of manufacturing and supplying goods. How it became one of the leading players in redefining the manufacturing landscape, where innovation meets investment and efficiency.
Zetwerk Company Overview
Zetwerk, the company that has become a driving force in reshaping the traditional old ways of industrial production and supply chain industry. Zetwerk operates as a technology driven manufacturing platform, a bridge between those looking for good manufacturing components and a global network of experienced and expert suppliers.
The company offers a platform where high-quality production, competitive costs globally, and the variations in manufacturing goods, and other facilities.
| Company Name | Zetwerk |
| Founded | 2018 |
| Founders | Vishal Chaudhary, Amrit Acharya, Rahul Sharma, & Srinath Ramakkrushnan. |
| Headquarter | Bengaluru, Karnataka, India |
| Industry | Global Manufacturer |
| Sector serves in | Manufacturing services |
| Operating space | B2B space in retail, manufacturing market segments & industrial goods. |
| Type of company | Private |
| Valuation (2023) | $2,700 million |
| Funding (2023) | $120 million |
| Revenue (2022) | $1 billion |
| Company website | Zetwerk.com |
Zetwerk Funding Insights
Emerging as one of the leading players in the manufacturing and supply chain industry, Zetwerk has been powered by a line of fundings.
Zetwerk has attracted the substantial attention of investors who have invested in the company and not only accelerated the company’s growth but also helped them to reshape the manufacturing supply chain sphere.
| YEAR | SERIES ROUND & INVESTORS | MONEY HIKED |
| January 29, 2020 | Debt financing – invested by InnoVen Capital | $2.2 million |
| July 2, 2020 | Series C – invested by Greenoaks | $21 million |
| February 2, 2021 | Series D – invested by Greenoaks & Lightspeed Ventures Capital | $120 million |
| March 24, 2021 | Secondary Market – investors (undisclosed) | $8.3 million |
| June 22, 2021 | Debt financing – invested by Mars Growth Capital | $30 million |
| August 20, 2021 | Series E – invested by D1 Capital partners | $150 million |
| October 12, 2021 | Debt financing – invested by TradeCred | $60 million |
| December 28, 2021 | Series F – invested by Greenoaks | $210 million |
| March 5, 2023 | Debt financing – invested by Edelweiss Financial Services | $13.23 million |
| October 18, 2023 | Series F – invested by Avenir Growth Capital | $120 million |
As the result of its funding rounds till date, Zetwerk has raised a whopping amount of $777.8 million dollars, and marked its latest funding round on October 18, 2023 in which 5 investors participated, headed by Avenir Growth Capital.
The most recent investors of Zetwerk were Footpath Ventures and Steadview Capital. Zetwerk marked its latest acquisition on November 30, 2022 and acquired Unimacts for a deal of $39 million.
Note: To know about the crucial objectives that are followed and must in a supply chain management, do visit our article 8 Crucial Objectives of Supply Chain Management, to gain more insights of it.
Zetwerk Valuation Insights
Zetwerk does have an impressive portfolio of its funding rounds that has been unlocking its way towards the path of success. As of latest in 2023, Zetwerk has raised a total of $2,700 million in its valuation, post its funding rounds.
- The platform has reportedly over 8,000 active suppliers and around 1,800 customers.
- Operates in 15+ countries.
- Its global manufacturing operations include partnerships with more than 10,000 suppliers.
- Zetwerk also offers visibility, facilities, and a platform to win over the orders from international clients, which results in a 20% increase in inbound orders and revenue. It helps suppliers to maximize their utilization capacity upto more than 40% mark, on the other hand the planning and project management boosts efficiency upto 80%.
Zetwerk Shareholders Insights
Apart from impressive Zetwerk funding rounds and remarkable valuation, Zetwerk also has a diverse group of shareholders who invested their time and money in the company’s vision.
| SHAREHOLDERS NAME | PERCENTAGE OF SHARES OWNED |
| Fund | 77.22% |
| Founders | 19.72% |
| ESOP (Employee Stock Ownership program) | 2.12% |
| Other People | 0.53% |
| Angel | 0.34% |
From the above table it can be stated that –
- Fund holds the majority of company shares with a net worth of Rs.15,200 crore.
- While founders of the company hold 17.72% of shares with a net worth of Rs.3,880 crore.
- Following it, ESOP holds 2.12% of shares with a net worth of Rs.417 crore, Angel holds 0.34% of shares with a net worth of Rs.69.1 crore.
- With a net worth of Rs.115 crore, other people hold 0.53% of shares in the company.
Summing Up
As we conclude this discussion, Zetwerk continues to navigate the ever evolving and ever changing sphere of manufacturing and supply chain management. Zetwerk funding rounds, valuation, and the pile of shareholders demonstrated the paths to success of the company with time. Zetwerk’s growth and innovation is driven by these factors.
Zetwerk’s commitment to innovation, technology, quality, and good supply chain management helps to position itself as the leading and major player in the manufacturing industry material sphere.
