Zetwerk
Manufacturing (B2B Marketplace)Bengaluru, Karnataka, India
Zetwerk is an Indian manufacturing services company operating a network of contract manufacturers across precision machining, fabrication, castings, electronics and consumer goods. It connects enterprise customers with vetted suppliers and manages production, quality and delivery.
Funding
Zetwerk has raised $872M across 10 disclosed rounds, most recently a Pre-IPO in Jul 2026.
$872MRaised
Pre-IPOLatest round · Jul 2026
$4BValuation · reported, unconfirmed
10Events
Pre-IPOJul 2026reported
$60M (₹500 crore)
InvestorsBharat Value Fund
Valuation$4B (reported, unconfirmed)
Tap any bar to see that round
Jul 2025Promoter round$72M (₹600 crore)Amrit Acharya & Srinath Ramakkrushnan (via Creovate Innovation)Entrackr ↗
Dec 2024Series F3$67MKhosla Ventures, The Schiehallion Fund, Acron Heavy Industries, AEX4 LLC, The Chinkerpoo Family Trust $3BEntrackr ↗
Oct 2023Series F2$120MAvenir Growth Capital, Footpath Ventures, Lightspeed India Partners, Greenoaks Capital, Steadview Capital, D1 Capital Partners $2.7BEntrackr ↗
Dec 2021Series F$210MGreenoaks Capital, ICONIQ Strategic Partners, D1 Capital Partners, Steadview Capital, Lightspeed Venture Partners $2.68BCrunchbase ↗
Aug 2021Series E$150MD1 Capital Partners, Avenir Growth Capital, Greenoaks Capital, Lightspeed $1.33BTechCrunch ↗
Feb 2021Series D$120MGreenoaks Capital, Lightspeed Venture Partners, Sequoia Capital India, Kae Capital $600MEconomic Times ↗
Dec 2019Series B$32MLightspeed, Greenoaks Capital, Accel, Kae Capital, Sequoia Capital IndiaTechCrunch ↗
Valuation journey
Price marks from disclosed rounds — Zetwerk has been a unicorn since Aug 2021, last reported at $4B (unconfirmed).
◉ Disclosed at round◌ Reported, unconfirmed
Pre-IPO · $60MJul 2026reported
$4B
Step-up1.3× vs Dec 2024
SourceStartupFox ↗
$4B (reported, unconfirmed)
Tap any mark to see that valuation
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadBharat Value Fund1 round · 2026
Greenoaks Capital6 rounds · since 2019
D1 Capital Partners3 rounds · since 2021
Kae Capital3 rounds · since 2019
Lightspeed3 rounds · since 2019
Avenir Growth Capital2 rounds · since 2021
Steadview Capital2 rounds · since 2021
Lightspeed Venture Partners2 rounds · since 2021
Sequoia Capital India2 rounds · since 2019
Accel2 rounds · since 2019
Amrit Acharya & Srinath Ramakkrushnan (via Creovate Innovation)1 round · 2025
Acron Heavy Industries1 round · 2024
AEX4 LLC1 round · 2024
Khosla Ventures1 round · 2024
The Chinkerpoo Family Trust1 round · 2024
The Schiehallion Fund1 round · 2024
Wheelhouse Venture Capital (Rakesh Gangwal)1 round · 2024
Footpath Ventures1 round · 2023
Aggregated automatically from the disclosed rounds above.
Financials
Revenue and profit after tax as filed with the Registrar of Companies.
Q1 FY27Revenuefiled
₹4,118 Cr
PAT₹733 Cr loss
Growth-74% YoY
Basisconsolidated
SourceRed Herring Prospectus ↗
Revenue up 55.4 per cent year on year from ₹2,649.4 crore. Loss narrowed from ₹1,368.4 crore in the year-ago quarter.
Tap any bar to see that year
₹ figures as filed, not restated
Leadership
Amrit Acharya Co-founder · CEOSRSrinath RamakkrushnanCo-founder · COORSRahul SharmaCo-founderVCVishal ChaudharyCo-founder
JFJosh FoulgerFormer President, Zetwerk Electronics
The Zetwerk journey
2018 · founded
Founded in Bengaluru by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma, Vishal Chaudhary.
Dec 2019 · funding
Series B — $32M, led by Lightspeed.
Jul 2020 · funding
Series C — $21M, led by Greenoaks Capital.
Feb 2021 · funding
Series D — $120M at $600M, led by Greenoaks Capital.
Aug 2021 · funding
Series E — $150M at $1.33B, led by D1 Capital Partners.
Aug 2021 · milestone
Enters the unicorn club at a $1.33B valuation, eleven months after its Series D. ↗
Dec 2021 · funding
Series F — $210M at $2.68B, led by Greenoaks Capital.
Oct 2023 · funding
Series F2 — $120M at $2.7B, led by Avenir Growth Capital.
Mar 2024 · funding
Series F2 — $20M at $2.8B, led by Wheelhouse Venture Capital (Rakesh Gangwal).
Dec 2024 · funding
Series F3 — $67M at $3B, led by Khosla Ventures.
Jul 2025 · funding
Promoter round — $72M, led by Amrit Acharya & Srinath Ramakkrushnan (via Creovate Innovation).
Feb 2026 · milestone
Josh Foulger, president of Zetwerk Electronics, resigns ahead of the listing; CMO Amrit Raj exited earlier. ↗
Mar 2026 · ipo
Files its DRHP confidentially with SEBI, reportedly targeting a ~$4B valuation. ↗
Jul 2026 · funding
Pre-IPO — $60M, led by Bharat Value Fund.
Oct 2026 · ipo
Files its red herring prospectus with a ₹2,830 crore fresh issue and a 49 per cent larger offer for sale, with founders, Creovate Innovation, Lightspeed, Peak XV, Kae Capital, Kalysta and Accel among the sellers. ↗
Oct 2026 · milestone
IPO opens on 15 October and is subscribed 0.23 times on day one, with QIBs at 0.30x excluding anchors, retail at 0.23x and NIIs at 0.09x. ↗
IPO Watchreported
StatusDRHP filed confidentially; ₹500 Cr pre-IPO round closed
DRHPConfidential — reported filed Mar 2026
ExpectedListing window not announced
₹500 Cr pre-IPO from Bharat Value Fund (Jul 2026) at a reported ~$4B; not confirmed by the company. Source ↗
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Latest on Zetwerk
Markets & IPO
Zetwerk Closed 3.1 Times Subscribed Because Institutions Showed Up And Retail Never Did
20 OCT 2026 · 4 MIN READ
Markets & IPO
Zetwerk's Book Is At 0.23 Times On Day One, And Retail Is The Number That Reads
16 OCT 2026 · 4 MIN READ
Markets & IPO
Zetwerk's IPO Prices It At About 1.6 Times Revenue, Not A Platform Multiple
13 OCT 2026 · 4 MIN READ
Markets & IPO
Zetwerk's Existing Shareholders Want To Sell Half As Much Again As They Did In August
12 OCT 2026 · 4 MIN READ
Funding
Zetwerk Secures ₹500 Crore Pre-IPO Funding From Bharat Value Fund Ahead of Planned Listing
25 JUL 2026 · 5 MIN READ
SaaS & Tech
Deepinder Goyal’s Temple Partners With Zetwerk and Ethereal Machines for Manufacturing Scale-Up
21 MAY 2026 · 2 MIN READ
Funding
Zetwerk Files Confidential Papers for ₹4,200 Crore IPO; Eyes ₹500 Crore
30 MAR 2026 · 3 MIN READ
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What is Zetwerk?
Zetwerk is an Indian manufacturing services company operating a network of contract manufacturers across precision machining, fabrication, castings, electronics and consumer goods. It connects enterprise customers with vetted suppliers and manages production, quality and delivery.
Who founded Zetwerk?
Zetwerk's founders and leadership on record at StartupFox are Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary.
How much funding has Zetwerk raised?
Zetwerk has raised $872M across 10 disclosed rounds. The most recent was a $60M Pre-IPO in Jul 2026.
Who are Zetwerk's investors?
Disclosed investors in Zetwerk include Bharat Value Fund, Amrit Acharya & Srinath Ramakkrushnan (via Creovate Innovation), Khosla Ventures, The Schiehallion Fund, Acron Heavy Industries, AEX4 LLC, The Chinkerpoo Family Trust, Wheelhouse Venture Capital (Rakesh Gangwal), Avenir Growth Capital, Footpath Ventures, Lightspeed India Partners, Greenoaks Capital.
What is Zetwerk's valuation?
Zetwerk was last reported at $4B (reported, unconfirmed), at the time of its Pre-IPO in Jul 2026.
Is Zetwerk profitable?
Per its Q1 FY27 consolidated filing, Zetwerk reported ₹4,118 Cr in revenue, with a ₹733 Cr loss.
What is the status of the Zetwerk IPO?
DRHP filed confidentially; ₹500 Cr pre-IPO round closed. DRHP: Confidential — reported filed Mar 2026. (As reported; not confirmed by the company.)
What is the latest news on Zetwerk?
The most recent StartupFox coverage is “Zetwerk Closed 3.1 Times Subscribed Because Institutions Showed Up And Retail Never Did” (20 October 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 10 of 10 funding rounds link to a named source.
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