Zetwerk raises ₹100 cr debt led by Edelweiss
Mint Mumbai|March 06, 2023
Company will utilize funds to make fresh acquisitions and drive growth
Beena Parmar
Zetwerk raises ₹100 cr debt led by Edelweiss

Business-to-business (B2B) manufacturing services marketplace Zetwerk has raised around 100 crore in debt capital, with a fund backed by the Edelweiss Group contributing the bulk of the financing, said two people privy to the development.

The debt was raised by issuing non-convertible debentures (NCDs) with around 83 crore garnered from Edelweiss Credit Plus Fund, which provides debt capital for early-to-mid-stage private companies.

“The primary debt fundraise is part of a syndicate round participated by another fund and a few high net worth individuals (HNIs) (who contributed the rest 17 crore)," one of the persons said on the condition of anonymity. He didn’t name the second fund and the HNIs.

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