TLDR:
- Zetwerk, a B2B contract manufacturing startup, secures USD 20 million from Rakesh Gangwal through his investment firm Wheelhouse Venture Capital.
- The investment will help Zetwerk expand its operations and build strategic partnerships in various industries.
Zetwerk, a Bengaluru-based B2B contract manufacturing startup, has raised USD 20 million from Rakesh Gangwal, the Co-founder of airline company Indigo, through his investment firm Wheelhouse Venture Capital. The CEO & Co-founder of Zetwerk, Amrit Acharya, expressed excitement about the investment, highlighting Gangwal’s extensive experience and strategic guidance. Founded in 2018, Zetwerk operates as a managed marketplace offering contract manufacturing services to various industrial and consumer firms, spanning industries like renewables, aerospace, apparel, and electronics. With operations in over 15 countries and serving more than 100 clients across different sectors, Zetwerk has acquired four businesses since 2022 and became a unicorn in 2021, currently valued at approximately USD 2.7 billion. Key investors in Zetwerk include Peak XV Partners, Lightspeed, and Green Oaks Capital.
