[ad_1]
BENGALURU: Zetwerk Manufacturing Companies, which connects corporations with manufacturing companions in India, has raised $150 million in a funding spherical at a valuation of $1.3 billion, turning into the twenty fifth startup in India to realize unicorn standing this yr.
The most recent funding was led by D1 Capital Companions. New buyers Avenir and IIFL additionally participated within the spherical, together with current buyers Greenoaks Capital, Lightspeed Enterprise Companions, Sequoia and Accel.
The funding comes on prime of the $120 million Zetwerk raised in February and simply three years after it obtained its seed funding.
“Zetwerk helps enterprises navigate the shift to digital manufacturing amidst quickly altering international provide chains,” stated Amrit Acharya, CEO of Zetwerk.
“Over the past yr, greater than 100 western corporations have moved their provide chains to India throughout industrial and shopper merchandise.” The funds can be used to construct new expertise, gas growth and advertising.
The B2B (business-to-business) market for contract manufacturing has greater than 600 prospects and a sequence of greater than 4,000 suppliers in North America, Indo-Pacific, and the Center East. Prospects are throughout industries together with oil and fuel, renewable vitality, shopper items, and electrical automobiles.
The most recent funding was led by D1 Capital Companions. New buyers Avenir and IIFL additionally participated within the spherical, together with current buyers Greenoaks Capital, Lightspeed Enterprise Companions, Sequoia and Accel.
The funding comes on prime of the $120 million Zetwerk raised in February and simply three years after it obtained its seed funding.
“Zetwerk helps enterprises navigate the shift to digital manufacturing amidst quickly altering international provide chains,” stated Amrit Acharya, CEO of Zetwerk.
“Over the past yr, greater than 100 western corporations have moved their provide chains to India throughout industrial and shopper merchandise.” The funds can be used to construct new expertise, gas growth and advertising.
The B2B (business-to-business) market for contract manufacturing has greater than 600 prospects and a sequence of greater than 4,000 suppliers in North America, Indo-Pacific, and the Center East. Prospects are throughout industries together with oil and fuel, renewable vitality, shopper items, and electrical automobiles.
[ad_2]