Zetwerk closes Series F round, aims to go public in 18 months
Mint New Delhi|December 20, 2024
Zetwerk, a business-to-business (B2B) manufacturing services marketplace backed by marquee investors including Peak XV, Accel and Avenir Growth Fund among others, has closed its Series F funding round that values the unicorn startup 15% higher than its last valuation, co-founder and CEO Amrit Acharya, told VCCircle in an exclusive interaction.
Malvika Maloo

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.

この記事は Mint New Delhi の December 20, 2024 版に掲載されています。

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この記事は Mint New Delhi の December 20, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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