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.
This story is from the December 20, 2024 edition of Mint Chennai.
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This story is from the December 20, 2024 edition of Mint Chennai.
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