ZETWERK Manufacturing Businesses, a leading name in the manufacturing and supply chain sector, has secured $90 million in its latest funding round. This round was led by Rakesh Gangwal and Khosla Ventures, pushing the company’s valuation to an impressive $3.1 billion. According to reports, ZETWERK’s Gross Merchandise Value (GMV) for the fiscal year ending March 31, 2024, stood at approximately Rs 17,564 crore ($2.1 billion).
The funding round saw participation from new investor Baillie Gifford and existing backers, including Greenoaks and Avenir Growth. This new capital is expected to help ZETWERK expand its reach in crucial sectors such as renewable energy, consumer electronics, and aerospace.
The involvement of high-profile investors reflects confidence in ZETWERK’s innovative approach to manufacturing and supply chain management. The company’s ability to adapt and grow has made it a favorite among investors looking for long-term returns.
Diversification and Global Expansion
Since 2020-21, ZETWERK has diversified its business operations. Initially focused on industrial manufacturing, the company has now ventured into consumer goods and expanded into international markets like North America. These strategic moves have positioned ZETWERK as a global player in the manufacturing industry.
By offering a wide range of solutions, the company has been able to cater to diverse industries and meet the growing demand for reliable and efficient supply chain services.
ZETWERK’s supply chain includes over 10,000 suppliers spread across India, the US, Vietnam, and Mexico. Notably, 20% of these suppliers are based outside India, allowing the company to serve a wide variety of customer needs.
Reports highlight that 80-85% of ZETWERK’s GMV comes from repeat customers. This high retention rate underscores the reliability and efficiency of its technology-driven solutions, which ensure timely and cost-effective delivery of projects.
Supporting Diverse Industries
ZETWERK has demonstrated its versatility by supporting projects across various industries. From large-scale infrastructure projects like airports and bridges to consumer goods such as smartphones and televisions, the company has shown its ability to adapt to different market demands.
Its work in infrastructure development has strengthened its reputation as a reliable partner for large-scale projects, while its foray into consumer goods has opened new avenues for growth.
With the latest funding, ZETWERK plans to focus on expanding its presence in high-potential sectors. Renewables, aerospace, and consumer electronics are expected to be key areas of growth. The company’s ability to combine cutting-edge technology with a robust supply chain will play a crucial role in its continued success.
ZETWERK’s latest funding round marks a significant milestone in its journey toward global growth. With a valuation of $3.1 billion and a strong focus on diversification and innovation, the company is well-positioned to lead the manufacturing and supply chain industry.
By expanding into new sectors and international markets, ZETWERK aims to solidify its position as a global leader. Its commitment to delivering reliable and efficient solutions will continue to drive its success in the years to come.
