Manufacturing startup-Zetwerk Manufacturing set to raise $250 million in a round led by Iconiq Capital
- ByStartupStory | November 6, 2021
Contract maker of consumer goods and capital goods, Zetwerk Manufacturing is set to raise $250 million in a funding round led by US based Iconiq Capital and Greenoaks.
The funding round would value the company at $2.5 billion pre-money which is double of what it commanded in August this year when it raised $150 in its series E round of funding led by D1 Capital where it had a $1.33 billion valuation.
The company is likely to utilize the funds infused for its global expansion plans which also include indulging into inorganic growth opportunities for the company. The company intends to aggressively tap into the global market through the funds infused.
Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk offers high quality production of consumer and capital goods for its clients at globally competitive rates. It helps small and medium enterprises translate their designs into physical products. It operates in 25 diverse industry segments and caters majorly to the Indian market.
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