Zetwerk Makes Its Market Debut; Can Scale Alone Widen Its Thin Margins?
India, Oct. 23 -- Companies change course in good times and bad. For Zetwerk, the key turn came after it raised $150 Mn from D1 Capital Part-ners in August 2021 when Indian startups raised a record $42 Bn in the calendar year.
And what began as a platform to connect manufacturers to vendors and suppliers, turned into a full stack manufacturing play on the back of a bevy of acquisitions in 2021 and 2022.
The company, founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan and Vishal Chaudhary, made its stock market debut today (Friday, October 23) with that full-stack promise at the centre of its pitch. No longer is this a marketplace, but a full-fledged platform that manages everything from procurement, supply, manufacturing, specificat...
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