Total amount raised
$859M
Latest funding date
2025-11-24
Location
Zetwerk has successfully raised funds through 20 rounds, with the latest being a Debt Financing round. The company is backed by 36 investors, including notable names like TradeCred and JM Financial.
Keep reading to explore the intricacies of Zetwerk's fundraising journey and the investors backing this innovative platform.
Zetwerk has raised over $859 million across more than 19 funding rounds, backed by prominent investors including Greenoaks Capital, Khosla Ventures, Peak XV Partners, Lightspeed India, Accel, and Avenir Growth Capital.
Keep reading to explore Zetwerk's full fundraising journey, from its 2018 seed round to its most recent debt financing and Series F rounds in 2025.
What Is Zetwerk?
Zetwerk is a Bengaluru-based B2B digital manufacturing marketplace founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Vishal Chaudhary, and Rahul Sharma. The platform connects large enterprises and OEMs with a global network of manufacturing vendors and suppliers for customized industrial components, consumer goods, defense, aerospace, and electronics products. Zetwerk offers end-to-end manufacturing supply chain solutions, from procurement to quality inspection and logistics. The company has grown into a unicorn valued at over $3 billion and is reportedly preparing for an IPO.
How Much Funding Has Zetwerk Raised?
- Seed Round
- Amount Raised: USD 1,300,000
- Date: July 2018
- Lead Investors: Kae Capital, Peak XV Partners (Sequoia India)
- Other Participants: Kalysta Capital, Rajesh Yabaji, Arun Venkatachalam, Subhsiah Vellayan
- Series A
- Amount Raised: USD 9,260,000
- Date: March 2019
- Lead Investors: Accel
- Other Participants: Kae Capital, Peak XV Partners, Kalysta Capital
- Debt Financing
- Amount Raised: USD 14,200,000
- Date: December 2019
- Lead Investors: Undisclosed
- Series B
- Amount Raised: USD 32,000,000
- Date: November 2019
- Lead Investors: Greenoaks Capital, Lightspeed India
- Other Participants: Accel, Kae Capital, Peak XV Partners, Kalysta Capital
- Venture Debt
- Amount Raised: USD 2,240,000
- Date: January 2020
- Lead Investors: Innoven Capital
- Series C
- Amount Raised: USD 30,900,000
- Date: June 2020
- Lead Investors: Greenoaks Capital, Accel
- Other Participants: Kae Capital, Peak XV Partners, Lightspeed India, Kalysta Capital
- Series D
- Amount Raised: USD 120,000,000
- Date: February 2021
- Lead Investors: Greenoaks Capital, Peak XV Partners, Lightspeed India
- Other Participants: Kae Capital, Kalysta Capital
- Debt Financing (Mars Growth Capital)
- Amount Raised: USD 30,000,000
- Date: June 2021
- Lead Investors: Mars Growth Capital
- Series E
- Amount Raised: USD 150,000,000
- Date: August 2021
- Lead Investors: Greenoaks Capital, Accel, India Infoline, Avenir Growth Capital, Peak XV Partners, Lightspeed India, D1 Capital Partners
- Other Participants: Ritesh Aggarwal, Aroa Venture Partners, QED Innovation Labs
- Debt Financing (TradeCred)
- Amount Raised: USD 66,400,000
- Date: October 2021
- Lead Investors: TradeCred
- Series F (First Close)
- Amount Raised: USD 210,000,000
- Date: December 2021
- Lead Investors: Greenoaks Capital, 360 One
- Other Participants: Iconiq Capital, IIFL Finance, Steadview, Avenir Growth Capital, D1 Capital Partners, Lightspeed India
- Debt Financing (Edelweiss)
- Amount Raised: USD 12,200,000
- Date: March 2023
- Lead Investors: Edelweiss Financial Services
- Series F (October 2023)
- Amount Raised: USD 120,000,000
- Date: October 2023
- Lead Investors: Avenir Growth Capital
- Other Participants: Footpath Ventures, Lightspeed Venture Partners, Steadview, Greenoaks, D1 Capital Partners
- Series F (February 2024)
- Amount Raised: USD 20,000,000
- Date: February 2024
- Lead Investors: Wheelhouse Ventures
- Series F (December 2024)
- Amount Raised: USD 70,000,000 (widely reported as ~$90M including $20M Wheelhouse tranche)
- Date: December 2024
- Lead Investors: Khosla Ventures, Rakesh Gangwal
- Other Participants: Baillie Gifford, Greenoaks Capital, Avenir Growth Capital, Peak XV Partners, Accel
- Series F (March 2025)
- Amount Raised: USD 14,900,000
- Date: March 2025
- Lead Investors: ARK Investment Management, Jaydev Mody, 100Unicorns, Pegasus
- Other Participants: Stargazer Ventures, HDFC Securities, Raghuvanshi Investment
- Debt Financing (JM Financial)
- Amount Raised: USD 8,730,000
- Date: July 2025
- Lead Investors: JM Financial
- Series F (July 2025)
- Amount Raised: USD 76,600,000 (founders via Creovate Innovation)
- Date: July 2025
- Lead Investors: Amrit Acharya, Srinath Ramakkrushnan (via Creovate Innovation)
- Debt Financing (TradeCred, Nov 2025)
- Amount Raised: ₹265 crore (~USD 31,000,000)
- Date: November 2025
- Lead Investors: TradeCred (invoice discounting; 25 family offices participated)
Total Amount Raised: At least $859M based on disclosed funding (across all rounds through November 2025).
Key Investors
- Greenoaks Capital
- Details: A global internet investment firm and one of Zetwerk's earliest institutional backers, leading or co-leading multiple rounds from Series B through Series F, including the landmark $210M Series F in December 2021.
- Khosla Ventures
- Details: A prominent Silicon Valley VC that co-led Zetwerk's December 2024 Series F round alongside Rakesh Gangwal, valuing the company at $3.1 billion.
- Peak XV Partners (formerly Sequoia Capital India)
- Details: A seed and early-stage investor in Zetwerk, participating from the 2018 seed round through multiple later-stage rounds, making it one of the longest-tenured institutional backers.
- Accel
- Details: Led Zetwerk's Series A in March 2019 and has continued to participate in subsequent rounds, remaining an active investor through 2024.
- Avenir Growth Capital
- Details: Led the October 2023 Series F round at a $2.7B valuation and has been a consistent participant across multiple Zetwerk fundraising rounds.
- Lightspeed India
- Details: Co-led Zetwerk's Series B alongside Greenoaks and has participated in multiple subsequent rounds through Series F, supporting the company's growth to unicorn status.
- Rakesh Gangwal
- Details: Co-founder of IndiGo Airlines who co-led Zetwerk's December 2024 Series F round alongside Khosla Ventures, contributing to the $3.1B valuation milestone.
What's Next for Zetwerk?
Zetwerk is well-positioned to continue its growth trajectory in the global manufacturing sector. With a strong backing from leading investors and a proven business model, the company is poised to expand its market presence and capitalize on emerging opportunities in the industry. The latest funding rounds underscore investor confidence in Zetwerk's potential, setting the stage for further innovations and strategic partnerships.
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