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HomeBusinessB2B marketplace Zetwerk 25th unicorn of 2021, raises $150 million - Times...

B2B marketplace Zetwerk 25th unicorn of 2021, raises $150 million – Times of India

BENGALURU: Zetwerk Manufacturing Businesses, which connects firms with manufacturing companions in India, has raised $150 million in a funding spherical at a valuation of $1.3 billion, turning into the twenty fifth startup in India to realize unicorn standing this 12 months.
The newest funding was led by D1 Capital Partners. New traders Avenir and IIFL additionally participated within the spherical, together with current traders Greenoaks Capital, Lightspeed Venture Partners, Sequoia and Accel.
The funding comes on prime of the $120 million Zetwerk raised in February and simply three years after it obtained its seed funding.
“Zetwerk helps enterprises navigate the shift to digital manufacturing amidst quickly altering world provide chains,” mentioned Amrit Acharya, CEO of Zetwerk.
“During the last 12 months, greater than 100 western firms have moved their provide chains to India throughout industrial and client merchandise.” The funds might be used to construct new know-how, gasoline enlargement and advertising and marketing.
The B2B (business-to-business) market for contract manufacturing has greater than 600 clients and a sequence of greater than 4,000 suppliers in North America, Indo-Pacific, and the Middle East. Clients are throughout industries together with oil and fuel, renewable power, client items, and electrical autos.



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