Zetwerk

Energy-related manufacturing, including transformers, solar trackers and wind turbine components, now contributes nearly 40% of Zetwerk’s revenue and is growing at roughly 100% YoY, co-founder and chief executive Amrit Acharya told Moneycontrol.

Danaher President Jai Shankar Krishnan joins Zetwerk board as Independent Director ahead of IPO

His appoitment comes as Zetwerk has appointed bankers and is likely to file its draft papers for an IPO confidentially in February-March 2026.

Zetwerk files lawsuit against its former exec’s new firm Ayr Energy in Texas court

Zetwerk estimate losing nearly $77 million in potential orders and allege that Ayr’s revenues from the disputed business could exceed $250 million.

IPO-bound Zetwerk to raise Rs 600 crore from co-founders via newly formed entity Creovate

Creovate Innovation was incorporated in March 2025 by Zetwerk co-founders Amrit Pratik Acharya and Srinath Ramakkrushnan

Foxconn, Dixon, Zetwerk look to capitalise on PLI Scheme for electronic components: Report

Foxconn is reportedly preparing to apply for PLI under the smartphone display module category through its subsidiary company Yuzhan Technology.

Rising Bharat: Logistics players bet on India amid tariff war 'disruption'

Trump's reciprocal tariff may accelerate the momentum toward more countries and companies looking at India as an important option in their global sourcing footprint, Srinath Ramakkrushnan, co-founder and COO, Zetwerk has said,

To run a business today, manufacturers must master geopolitics, says Zetwerk CEO Amrit Acharya

Zetwerk is entering new countries and diversifying its supply chain to mitigate risk amid rising geopolitical tensions, Acharya has said as Trump's tariff war threatens global trade

IPO-bound Zetwerk in talks to raise $20-30 million from family offices, HNIs

The fresh capital infusion is aimed at strengthening the company’s captable as it prepares for public market listing in near future.

Zetwerk mafia on fundraising spree: Scimplify, CBCatalyst, Sanlayan discuss new rounds

While Scimplify is likely to raise $30 million, Sanlayan is in talks to raise $20 million. CBCatayst is discussing a $1 million deal and Lightspeed is in advanced stages to back a former business head at Zetwerk in a $5 million deal, multiple sources told Moneycontrol.

Zetwerk’s GMV crosses $2 billion in FY24

In FY24, Zetwerk recorded Rs 191 crore of Adjusted EBITDA from operations, as against Rs 188 crore in the year ago period, CEO Amrit Acharya told Moneycontrol in an interview.

Zetwerk is said to consider raising $1 billion in IPO

The Bangalore-based firm has held talks with investment banks to help prepare for a potential IPO in Mumbai next year

Zetwerk’s Josh Foulger urges government to open up mobile phone PLI scheme with no riders

Zetwerk is investing Rs 1,000 crore to expand its electronic manufacturing capacity for smartphones, TVs, hearing aids, wearables, wi-fi routers, PCBAs, and IT hardware like laptops and servers

Zetwerk bags largest order from Indian Oil to set up 1,400 fast EV chargers

These EV chargers are planned for major cities and key highways, enhancing accessibility and travel convenience

IndiGo promoter Rakesh Gangwal invests $20 million in B2B unicorn Zetwerk

Zetwerk was last valued at $2.8 billion and Gangwal will be investing through Wheelhouse Venture Capital and with that, he joins as a financial investor of the firm.

Kae Capital makes final close of new fund at $50 million

The venture fund said it plans to make follow-on investments exclusively into companies of previous funds, as co-investors with growth-stage funds in Series B, C and D rounds.

B2B unicorn Zetwerk appoints Pulkit Bhandari as Chief Financial Officer

In his role as CFO, Bhandari will be responsible for closely collaborating with the founders on strategy

Germ of an idea: How Zetwerk pivoted to write its Make in India story

Zetwerk, a B2B manufacturing marketplace unicorn, began its journey from a one-bedroom apartment in Bengaluru and today it is looking to transform manufacturing by helping customers optimise suppliers, reduce costs and work faster

ITC veteran Sanjiv Rangrass joins early-stage VC firm Unitus as venture partner 

The VC firm added Raj Nooyi has also joined as Venture Advisor. Nooyi is a former executive of companies such as Hewlett Packard, PRTM, Tata Consultancy Services, and IBM

Zetwerk acquires US-based Unimacts for $39 million, to clock a revenue of $1 billion in FY23

Zetwerk is presently well capitalised and looking to clock a revenue of $1 billion in revenue for FY23 and is even thinking about going public in the future when market conditions are supportive, said cofounder Amrit Acharya.

Zetwerk-backer Kae Capital marks final close of fund III at $100 million

Through the fund, Kae Capital will be investing in about 25 companies at pre-Seed to pre-Series rounds and its initial cheque sizes would range between $1 million and $3 million

Meet Sanjiv Rangrass, the investor behind the ITC mafia in India’s startup ecosystem

The ITC veteran and angel investor said working with the unicorn’s founders, whom he hired and mentored, is the best ‘gurudakshina’ he could get. Rangrass also revealed the role he would play in Zetwerk’s launch into a ‘larger league.'

Zetwerk's revenue up 6 times to Rs 4,961 crore, operating loss at Rs 42 crore in FY22

The B2B manufacturing service marketplace's revenue grew to Rs 4,961 crore in FY22 from Rs 835 crore in the previous year. If the non-cash ESOP expenses were to be omitted, Zetwerk would report an Ebitda profit of Rs 57 crore, it said

B2B unicorn Zetwerk to induct ITC veteran Sanjiv Rangrass to its board

The B2B unicorn said that Sanjiv Rangrass, who is the former chief executive officer (CEO) of ITC Ltd Agribusiness division, will be instrumental in shaping the company’s culture and policies.

Zetwerk: Unicorn that wants to reimagine Indian manufacturing| Meet its founders on Bits To Billions

Most of the founders of unicorn Zetwerk have two things in common: they studied at IIT or worked at ITC. Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk is a manufacturing platform connecting original equipment manufacturers and engineering procurement construction customers across India, North America and Southeast Asia with small and medium-sized enterprises (SMEs). It is present in categories such as fabrication, machining, casting and forging and helps customers in procuring custom products (which are not available off-the-shelf), real-time tracking and project management all the way till delivery. On this episode of Bits to Billions, the founders weighed in on How Zetwerk started, why manufacturing is broken in India, how they plan to fix it, the currency macro environment and why Zetwerk is insulated.