The Bengaluru-based startup, which entered the coveted unicorn club in 2021, has raised $90 million in multiple tranches in 2024. The round, which values Zetwerk at about $3.1 billion, was led by entrepreneur Vinod Khosla's venture capital firm Khosla Ventures and IndiGo's co-founder Rakesh Gangwal. British investment management firm Baillie Gifford also joined as a new investor, with participation from existing backers Greenoaks and Avenir Growth.
VCCircle reported about Gangwal's Wheelhouse Venture Capital investing $20 million in the startup earlier this year.
Zetwerk plans to use the capital to support its expansion plan in areas including renewables, consumer electronics, and aerospace.
Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Mint Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Mint Kolkata.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Smart gnomes, evil penguins and stop-motion
Wallace & Gromit are back for a full-length adventure with a familiar foe
5 Contemporary Artists on the Books That Inspire Them
Leading Indian artists such as Shilpa Gupta, Anju Dodiya and Thukral & Tagra share their favourite recent reads
Indian Art May Be Poised for a Global Breakthrough
After a strong 2024, with major works, discoveries and acquisitions on the international stage, the future looks bright for Indian art
Abandon Myopic Policies for the Common Global Good
Policies of the US, China and India Should Prioritize Long-Term Gains and Their People Must Push for It
Let's act now to create a resilient, adaptable and skilled workforce
Our demographic dividend, coupled with skills adapted for new opportunities, can give us a competitive advantage globally
Our consumption study doesn't feed policy well
India's latest survey of household spending on consumption picks up significant trends but offers an unclear snapshot of upper-end expenses. Policy cues should be taken selectively
Manmohan's understated leadership set a fine example
His self-assured openness to all views was an inspiration for decision makers keen to resist groupthink
The Union Budget Should Focus on Lifting Consumption Growth
That is key, since investments haven't picked up, but there may be little fiscal space for big tax cuts
Are diamonds forever? Insights from 22 years of zero-return saga
Diamonds, synonymous with luxury, captivate investors, but their investment potential tells a different story
Markets rebound in first session of '25 on buying in blue-chips
Benchmark Sensex and Nifty started the New Year on a high note with the key indices closing higher in a see-saw trade on Wednesday on buying in blue-chip stocks.
