B2B contract manufacturing marketplace Zetwerk raised INR 100 crore in debt funding from the likes of Edelweiss Group, along with one more fund and multiple high net-worth individuals (HNIs).
Zetwerk is a platform for manufacturing services that connects manufacturers with vendors and suppliers of customised products, industrial machine components, and other equipment. Zetwerk intends to use the new funds to expand its capital market access, make new acquisitions, and expand the business further.
According to a Mint report citing sources, the debt was raised by issuing non-convertible debentures (NCDs), with Edelweiss Credit Plus Fund contributing around INR 83 Cr.
The move to raise debt comes ahead of a new equity round planned by the unicorn in the coming months. While the aforementioned sources told Mint that Edelweiss, Crossover Opportunities Fund, and others would participate in the equity round, the size of the round was not immediately clear.
Zetwerk is a B2B contract manufacturing marketplace that connects buyers with a network of manufacturing suppliers for customized parts and components. The platform offers end-to-end services, from design and prototyping to production and delivery. Zetwerk uses a data-driven approach to match buyers with the right suppliers, ensuring quality, cost-effectiveness, and timely delivery. The company has a vast network of over 2,500 suppliers across India, providing a wide range of manufacturing capabilities, including CNC machining, fabrication, casting, and forging. Zetwerk’s platform also offers transparency, real-time tracking, and analytics for buyers to manage their projects and supplier relationships efficiently.