Contract manufacturing startup Zetwerk has raised USD 20 million in funding. IndiGo co-founder Rakesh Gangwal made this investment in the company through Wheelhouse Venture Capital. His extensive experience and invaluable insights and strategic guidance is expected to build Zetwerk into a generational company.

Valued at USD 2.8 billion, Zetwerk is a managed marketplace for contract manufacturing, and partners with leading industrial and consumer enterprises to get their products manufactured through a global network of small manufacturers. The company has raised a total funding of USD 687 million from investors.

The firm offers manufacturing solutions across industries such as precision manufacturing, aerospace, renewables, consumer electronics, and ensures that products are made faster and with world-class quality. For manufacturing partners, Zetwerk enables higher utilisation of manufacturing capacities, and offers various portfolio services (including logistics, raw material procurement, and working capital access) to drive revenue growth. 

As per plans expressed earlier, it is looking to make an entry into manufacturing components for electric vehicle (EV) makers. It is also looking to invest more than Rs 1,000 crore into its consumer electronics business over the next three years, where it helps manufacture wearables, hearables and televisions in this segment.