Consumer goods manufacturer Zetwerk raised $150 million in Series E funding by D1 Capital Partners. With the new investment, the firm enters the prestigious unicorn club.
The company raised $120 million in a Series D round led by US-based Greenoaks Capital and Lightspeed Venture Partners in February, which doubled its valuation to $600 million.
According to the company’s regulatory filing, Zetwerk has raised close to Rs 900 crore or $120 million in its Series E in which D1 Capital Partners has invested $50 million.
The Economic Times noted that the spokesperson for Zetwerk declined to comment and D1 Capital could not be immediately reached.
Zetwerk was founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma, and Vishal Chaudhary. The company aims to support small and medium enterprises (SMEs) by helping them translate digital designs into physical products. According to Entrackr, The company partners with offline suppliers who are engaged in the fabrication, machining, casting, forging, and galvanizing of machine parts. The firm works with more than 2,000 suppliers in 25 industry segments.
Recently the company also made entry into manufacturing categories, such as consumer goods, apparel, defence, and aerospace, Entrackr reported.
