Zetwerk was established in 2018. It brings together small and medium-sized businesses with major OEMs, engineering, procurement, and construction firms. This was originally established in India and Southeast Asia before being expanded to North America. Zetwerk’s growth can be attributed to a variety of reasons, including global supply chains shifting to emerging markets like India, trade disputes in the West, and anti-China sentiment.
Zetwerk’s Establishment
Acharya started Zetwerk in May 2018 with three IIT friends: Srinath Ramakkrushnan, Vishal Chaudhary, and Rahul Sharma. Zetwerk is a B2B software firm that assists businesses in managing their supply chains. In the first month, the co-founders were able to obtain the term sheet for the $1.5 million seed round of financing with Zetwerk.
Zetwerk’s Accomplishment
Zetwerk raised $150 million in a Series E funding round headed by D1 Capital Partners, valuing the company at $1.33 billion. The business raised Rs. 65.97 crore in December 2018 and ended the fiscal year with Rs 21 crore. As a result of connecting several other businesses with Indian manufacturing partners, the firm received $150 million in a $1.3 billion fundraising round, making it India’s 25th unicorn. Many other businesses participated in the fundraising round, including Avenir, IIFL, Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital, and Accel.
Future Prospects and New Fundings
According to regulatory filings, the business raised approximately $120 million in its Series E round, with D1 Capital Partners contributing $50 million, Green Oaks contributing $32 million, and Lightspeed contributing $22.5 million each. According to reliable reports, the company raised $150 million in an August round valued at $1.33 billion. As a result, the company has become the 25th startup to enter the exclusive club of unicorns in 2021.
Conclusion
The founders of unicorn co-thoughts are concentrated on achieving more sustainable and profitable growth. Fear of the unknown and peril has been transformed into a chance. It is prudent to forecast where this platform will develop in the future.
