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Indian supply chain startup Zetwerk bags $5m

Bengaluru-based B2B manufacturing startup Zetwerk has raised US$5 million in a funding round co-led by Arc Investments and Oriental Biotech Limited.

Regulatory filings indicate the company issued 993,721 series F3 compulsorily convertible preference shares (CCPS) priced at US$4.98 each.

Arc Investments and Oriental Biotech each contributed US$1.15 million, while Stargazer Fund-I invested US$575,205. The remaining funds were sourced from a group of angel investors.

The funding round is reportedly ongoing, with the potential for additional capital to be raised soon.

Recent Zetwerk developments

Timeline
17-Jan-2025 🌟 Indian supply chain firm Zetwerk names new CEO for US unit
  • Zetwerk appoints Vadim Yakubov as CEO.
  • Unimacts expands with 3 factories in the US.
15-Jan-2025 📈 Indian supply chain startup Zetwerk said to prepare for IPO
  • Zetwerk plans IPO, seeking $500M funding.
  • Valuation targeted at $5 billion for listing.
20-Dec-2024 📈 India’s Zetwerk raises $70m, plans IPO
  • Zetwerk raises $70M, valuation hits $3.1B.
  • Plans IPO in 12-18 months, expands into new sectors.
30-Dec-2021 🚀 🇮🇳 Roundup: Zetwerk banks $210m at $2.7b valuation, more
  • Indian startups raise $87m in total funding
  • Zetwerk secures $210m at a $2.7b valuation
04-Feb-2020 📈 Indian B2B startup Zetwerk banks $2.2m from Innoven Capital
  • Zetwerk raises $2.2 million from Innoven Capital
  • Plans to expand B2B manufacturing platform in India

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