Zetwerk Manufacturing Businesses Pvt Ltd raised $90 million in 2024, pushing its valuation to $3.1 billion, up from $2.7 billion in the previous funding round in 2023. The latest investment was led by prominent investors, including IndiGo Airlines co-founder Rakesh Gangwal, Khosla Ventures, and UK-based Baillie Gifford, who joined as a new investor. Existing backers, such as Greenoaks and Avenir Growth, also participated in the round. The funding will be used to fuel Zetwerk’s growth in key segments like Renewables, Consumer Electronics, and Aerospace.
Zetwerk has become a leading global manufacturing marketplace, catering to a diverse range of industries, including industrials, consumer electronics, aerospace, and defence. For FY24, the company reported a Gross Merchandise Value (GMV) of ₹17,564 crore ($2.10 billion), reflecting strong fundamentals and a successful diversification strategy.
Over the past five years, Zetwerk has refined its Build-to-Print engine, capable of managing highly complex designs across industries. The company’s proprietary Zetwerk OS, an advanced manufacturing operating system, streamlines the entire production process, from supplier selection and real-time tracking to quality control and seamless communication.
Zetwerk serves over 2,000 customers across India, North America, and Europe. Its focus on reliability, trust, and transparency in supply chain management has resulted in strong customer loyalty, with repeat buyers contributing 80–85% of its GMV. Customers benefit from faster lead times, improved quality, and enhanced visibility in sourcing.
The company’s expansion beyond India began in 2020-21, with forays into international markets like North America and the addition of Consumer business to its portfolio alongside Industrials. These moves have created strong long-term growth momentum.
In FY24, the Industrials segment, including Renewables and Precision Manufacturing, contributed 92% of GMV, while 21% of revenues came from international markets. As of September 30, 2024, Zetwerk had secured orders worth ₹12,839 crore ($1.50 billion), solidifying its position as a dominant player in the global manufacturing space.
