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Zetwerk, the innovative manufacturing platform, has raised a massive $90 million in a new funding round, bringing its valuation to $3.1 billion. The investment round, led by prominent
Zetwerk, the innovative manufacturing platform, has raised a massive $90 million in a new funding round, bringing its valuation to $3.1 billion. The investment round, led by prominent investors Rakesh Gangwal and Khosla Ventures, highlights the company’s rapid growth and its strategic push to expand globally. This new round marks an exciting milestone for Zetwerk, which was valued at $2.7 billion just a year ago.
In this article, we’ll explore what Zetwerk is doing with its new funding, how it’s positioning itself for global success, and why this company could be one to watch in the rapidly evolving manufacturing sector.
Founded in 2018, Zetwerk is revolutionizing the manufacturing industry by connecting businesses with a vast network of suppliers across the globe. The company leverages technology, including its proprietary operating system, Zetwerk OS, to streamline manufacturing processes and make supply chains more efficient, flexible, and transparent.
With a focus on key sectors like renewables, consumer electronics, and aerospace, Zetwerk is capitalizing on global trends toward sustainable and next-generation production. The company serves over 2,000 customers worldwide and works with more than 10,000 suppliers located in India, the U.S., Vietnam, and Mexico.
This fresh investment of $90 million is a game-changer for Zetwerk. It gives the company the resources to double down on its global expansion strategy, focusing on high-growth markets such as North America and Europe. The funding also helps Zetwerk strengthen its position in key industries that are set to drive the future of manufacturing.
As part of the investment round, new backer Baillie Gifford joined returning investors Greenoaks and Avenir Growth. The participation of these high-profile investors underscores the confidence in Zetwerk’s vision and business model.
Zetwerk’s goal is clear: to be a leader in sustainable, next-gen manufacturing while reducing dependence on single-country supply chains. This is especially important in a world where geopolitical tensions and trade challenges are forcing companies to rethink their global operations.
Zetwerk plans to use the investment to grow its presence in three key areas:
In addition to focusing on these core industries, Zetwerk is addressing a growing demand for diversified supply chains. Recent geopolitical changes have highlighted the risks of relying on a single country for manufacturing needs. Zetwerk’s platform allows businesses to source products from multiple countries, making supply chains more resilient and adaptable to global shifts.
Zetwerk’s reach is expanding rapidly. As of March 2024, international markets like North America and Europe made up 21% of the company’s total business, and Zetwerk plans to increase that percentage in the years to come. With its flexible sourcing options, the company is well-positioned to meet the needs of global customers.
At the heart of Zetwerk’s success is its proprietary manufacturing operating system, Zetwerk OS. This platform is a game-changer for the manufacturing industry, helping companies manage every stage of the production cycle—from selecting suppliers to tracking orders and maintaining quality control.
Zetwerk OS is designed to handle complex manufacturing processes with ease. For example, a typical customer order may involve six different suppliers, over 100 designs, and a two-month fulfillment timeline. Managing this level of complexity would be impossible without a tool like Zetwerk OS, which provides real-time tracking, transparent communication, and cost management.
The efficiency of Zetwerk OS leads to faster, more reliable delivery timelines and a reduction in unexpected costs. According to Acharya, a company executive, Zetwerk OS has significantly improved on-time delivery rates compared to traditional factory-based manufacturing. For instance, Zetwerk manages over 1,000 customer contracts simultaneously, a feat made possible by its software’s ability to provide unparalleled transparency and real-time updates.
This level of efficiency is crucial as more companies look to scale their production without compromising on quality. With Zetwerk, businesses can better manage their supply chain, reduce risks, and make smarter decisions about where to source materials and components.
Since its founding in 2018, Zetwerk has made impressive strides. The company has already generated a lifetime Gross Merchandise Value (GMV) of $5 billion, and its GMV for the fiscal year ending in March 2024 was approximately ₹17,564 crore (around $2.1 billion). Most of that GMV—about 92%—came from the company’s industrial sector, which includes its work in renewables and precision manufacturing.
Zetwerk’s customer base continues to grow, with more than 2,000 clients worldwide. And its supplier base is equally impressive, including over 10,000 suppliers located across India, the U.S., Vietnam, and Mexico. Approximately 20% of the company’s supply base is already located outside of India, and that percentage is set to rise as the company expands into new international markets.
With the $90 million investment in hand, Zetwerk is well-equipped to scale its operations and meet the demands of global markets. By focusing on core industries like renewables, consumer electronics, and aerospace, Zetwerk is positioning itself to be a key player in the future of manufacturing.
The company’s innovative approach, powered by Zetwerk OS, ensures that it can offer businesses a more efficient, transparent, and flexible way to manage their production processes. As the world continues to evolve and supply chains become more complex, Zetwerk is primed to be a leader in reshaping the global manufacturing landscape.
Zetwerk’s ability to combine cutting-edge technology, global sourcing, and industry expertise makes it one of the most exciting companies in the manufacturing space. With new funding to accelerate its growth, Zetwerk is positioning itself as the go-to platform for companies looking to optimize their production and supply chain processes.
Keep an eye on Zetwerk as it continues to expand globally, innovate in its core sectors, and redefine the future of manufacturing.
