Indian startups are on a spree to acquire the most coveted seats of the Unicorn club. With Zetwerk becoming the 26th startup to enter the unicorn club in 2021 till august. It raised another $120 million in a Series E funding round led by D1 Capital Partners. Zetwerk’s aggregate equity valuation has touched Rs.7,876 crore ($1.06 billion), according to VCCircle estimates making it the 26th unicorn in this year.
previously it raised $120 million in a Series D financing round led by investors Greenoaks Capital and Lightspeed Venture Partners. Sequoia Capital and Kae Capital in February this year.
The fundraising Crowned the company’s valuation at over $1 billion. Existing investors including Kae Capital, Sequoia Capital India, Accel India, Lightspeed Ventures too participated.
Based in Bengaluru Founded in the year 2018 by Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, Vishal Chaudhary. Zetwork approaches its various networks by new-age technology. By helping its customers reduce costs, optimize suppliers and execute production faster.
It is a partner to leading players in precision parts, capital goods, and consumer goods categories, offering a full spectrum of manufacturing services – from custom-made components to mass production, from quality certification to inventory and supply chain management. With a wide range of their products in their inventory available virtually. It is a universal factory for high-quality production, globally competitive costs, and best-in-class lead times – whatever the category, product, scale, or geography.
The funding was led by global investment firm D1 Capital, It alone brought in Rs. 372.29 crore as part of this funding round. Other investors who participated in the latest funding round include new investor Avenir Growth and existing investors Greenoaks, Lightspeed Venture Partners, Sequoia, and Accel
Oyo founder Ritesh Agarwal backed VC firm Aroa Ventures, QED Innovation, and other individuals pooled in the remaining capital.