ZETWERK Manufacturing Businesses has raised approximately $90 million in a 2024 funding round led by Rakesh Gangwal and Khosla Ventures, bringing its valuation to $3.1 billion. This marks an increase from its $2.7 billion valuation in 2023.
The funding round also attracted new investor Baillie Gifford, along with existing supporters Greenoaks and Avenir Growth. The fresh capital will bolster ZETWERK’s expansion into core segments, including Renewables, Consumer Electronics, and Aerospace, aligning with global trends in sustainable manufacturing and advanced production technologies.
ZETWERK aims to support its customers in diversifying supply chains and reducing dependency on single-country sourcing—a strategy influenced by shifting geopolitical dynamics. The company reported a Gross Merchandise Value (GMV) of ₹17,564 crore (around $2.1 billion) for the fiscal year ending March 31, 2024. Approximately 92% of this GMV originated from its industrial segment, which includes Renewables and Precision Manufacturing.
With 21% of its business coming from international markets such as North America and Europe, ZETWERK is focused on increasing its global footprint. The company, founded in 2018, has achieved $5 billion in lifetime GMV and serves over 2,000 customers worldwide. It collaborates with more than 10,000 suppliers across India, the U.S., Vietnam, and Mexico, with 20% of its supply base outside India.
A cornerstone of ZETWERK’s success is its proprietary manufacturing operating system, ZETWERK OS. This platform streamlines the production cycle by managing supplier selection, real-time order tracking, communication, and quality control. The system’s efficiency helps mitigate cost overruns and ensures timely project delivery, setting ZETWERK apart in the manufacturing sector.
The company’s strategic focus and innovative approach position it as a leader in the evolving landscape of sustainable and diversified manufacturing.
