You can be on Entrepreneur’s cover!

Zetwerk Secures USD 20 Mn from Indigo Co-founder Rakesh Gangwal Through his investment firm Wheelhouse Venture Capital, Indigo Co-founder Rakesh Gangwal has infused money to Zetwerk.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Amrit Acharya, CEO & Co-founder, Zetwerk

Bengaluru-based B2B contract manufacturing startup Zetwerk has announced the raising of USD 20 million from Rakesh Gangwal, Co-founder of airline company Indigo, through his investment firm Wheelhouse Venture Capital.

"We are delighted to share that Mr Rakesh Gangwal has invested USD 20 million in Zetwerk through Wheelhouse Venture Capital. Mr Gangwal, with his extensive experience spanning several decades, brings invaluable insights into building businesses and iconic brands. His strategic guidance will be crucial in building Zetwerk into a generational company," the company said in a statement.

Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Vishal Chaudhary and Rahul Sharma, Zetwerk offers a managed marketplace that provides contract manufacturing services to industrial and consumer firms. In addition to solar and renewable energy, it works in a variety of industries such as oil and gas, renewables, aerospace, infrastructure, apparel, electronics, and retail.

It collaborates with offline vendors that produce machine parts through casting, forging, machining, and galvanising. With operations in more than 15 nations, it claims to provide services to more than 100 clients in over 25 sectors in MEA, North America, India, and other regions.

In 2022, it acquired four businesses, the most recent being Unimacts, a US-based company, for $39 million.

In 2021, the startup became a unicorn, and it is currently valued at about USD 2.7 billion. Peak XV Partners, Lightspeed, and Green Oaks Capital are among its key investors.

Entrepreneur Staff

Entrepreneur Staff


Business News

I Designed My Dream Home For Free With an AI Architect — Here's How It Works

The AI architect, Vitruvius, created three designs in minutes, complete with floor plans and pictures of the inside and outside of the house.

Business Ideas

7 Link-Building Tactics You Need to Know to Skyrocket Your Website's Rankings

An essential component of SEO, link building is not just a 'Set them and forget them' proposition, but a dance of skills and strategies.

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Business News

This Fan-Favorite Masters 2024 Item Is Still $1.50 as Tournament Menu Appears Unscathed by Inflation

The pimento cheese sandwich is a tradition almost as big as the tournament itself.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Here's One Thing Americans Would Take a Pay Cut For — Besides Remote Work

An Empower survey found a high percentage of respondents would take a pay cut for better retirement benefits and remote work options.