Zetwerk closes Rs 500 Cr financing agreement with TradeCred
- ByManjeet Singh | October 13, 2021
Zetwerk Manufacturing announced Tuesday that it has closed a Rs 500 crore financing deal with TradeCred. The financing deal includes 13 family offices.
Zetwerk expects the financing agreement to help them expand and make their supply chain more robust.
“We want to continue focusing on making our supply chain robust. Zetwerk”s ability to facilitate this arrangement also shows investor confidence in day-to-day business of the company. Our order book continues to grow and has crossed Rs 5,200 crore. We are on track to achieve strong, profitable business growth in 2021-22,” Zetwerk CEO Amrit Acharya said in a statement.
Following a series E financing round led by D1 Capital Partners, Zetwerk recently became a unicorn.
“Zetwerk is one of the very few businesses operating at scale, and best positioned to evangelize manufacturing in India, with tech-enabled operations like none other. We are excited to have partnered in this journey of delivering next milestones in the global manufacturing space,” TradeCred founder and CEO Hardik Shah said.
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