Zetwerk
Canvas Category Software : Cloud Manufacturing : General
Zetwerk offers high-quality production, globally competitive costs and unparalleled lead times in the manufacturing of capital goods, consumer goods and precision parts. With a virtually unlimited range of capacities and capabilities, Zetwerk is a universal factory that offers high quality production, competitive costs and best-in-class lead times - whatever the category, product, scale or geography.
Assembly Line
Inside Zetwerk's ambition of becoming a global manufacturer
There are thousands of SMEs in the manufacturing sector in India operating at about 40 to 50 percent capacity. Zetwerk aims to help provide additional revenue to these SMEs by connecting them with vendors and suppliers for specific equipment, industrial components, and customised products. This helps them push capacity utilisation levels from, say, 40 to 60 percent. Also, Zetwerk seeks to partner with these entrepreneurs by providing end-to-end manufacturing solutions.
Acharya wants to drive the Make in India story. He notes India is benefitting from orders flowing in from global markets, and its underlying robust domestic demand. “When we see the larger horizon, we realise that India is going to be a manufacturing superpower and we see a lot of potential in the market currently, and we see ourselves playing a small role in the larger picture,” he adds.
Manufacturing marketplace startup Zetwerk raises $210M in funding
Startup Zetwerk has raised $210 million in new funding less than six months after closing a previous $150 million investment at a $1.33 billion valuation. The new funding round was reported by Inc42 on Tuesday. Bangalore-based Zetwerk reportedly raised the capital from a group of backers that included ICONIQ, IIFL, Steadview Capital and D1 Capital Partners. Greenoaks Capital Partners was the lead investor.