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.
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