Zetwerk Manufacturing Businesses Now Valued At $3.1 Billion

Over the last five years, Zetwerk has developed a ‘Build-to-Print’ engine which can ingest designs of any complexity and across a wide range of industries

Zetwerk Manufacturing Businesses Pvt Ltd has been able to raise close to $90 million in 2024, with the company now valued at $3.1 billion.

The funding round was led by renowned investors Rakesh Gangwal and Khosla Ventures. Additionally, UK-based Baillie Gifford joined as a new investor, while existing backers Greenoaks and Avenir Growth also participated.

This investment is expected to fuel Zetwerk’s expansion in its core business areas: renewables, consumer electronics, and aerospace.

“Every company that needs manufacturing capabilities is focused on making their supply chains more resilient and less prone to geopolitical risk,” said Jai Sajnani of Khosla Ventures.

“Zetwerk has quickly become a leading manufacturing marketplace that gives customers options around the world to build in any arena from industrials and consumer electronics to aerospace and defence. We are excited to partner with Zetwerk in this next phase of global growth,” Sajnani added.

The company also achieved Gross Merchandise Value of Rs.17,564 crore (nearly $2.10 billion) for the year ended March 31, 2024, aided by solid company fundamentals and a well-executed business diversification strategy.

“The manufacturing sector has long grappled with challenges such as time delays, budget overruns, quality issues, and limited supplier transparency. These persistent issues have significantly impacted production timelines. Now, as countries strive to diversify their supply chains in response to global geo-political shifts, a new layer of complexity has been added. Zetwerk is rapidly positioning itself as a key partner for global customers seeking to navigate this near-shoring/on-shoring landscape,” said Amrit Acharya, Cc-founder and CEO, Zetwerk Manufacturing.

Over the last five years, Zetwerk has developed a ‘Build-to-Print’ engine which can ingest designs of any complexity and across a wide range of industries. This engine is core to our business model. Underpinning this engine is Zetwerk OS, a manufacturing operating system that manages the entire execution cycle, from supplier selection to real-time tracking, seamless communication and quality assurance.

“This software is crucial for our customers' success,” said Acharya.

Going further he said, “Manufacturing is inherently complex and fragmented. A typical customer order involves an average of six Zetwerk suppliers, over 100 designs, and a two-month fulfillment timeline. Moreover, Zetwerk concurrently executes 1,000 customer contracts. Zetwerk OS enables us to manage this intricate process with unparalleled transparency. This transparency mitigates cost overruns and ensures significantly higher on-time delivery rates compared to traditional factory-based manufacturing.”