New Delhi, March 7: Business-to-Business
(B2B) manufacturing marketplace unicorn
Zetwerk on Thursday announced that the
company has raised funding of $20 million
from IndiGo promoter Rakesh Gangwal
hrough Wheelhouse Venture Capital.
This is Wheelhouse Venture's first investment in the Bengaluru-based company. "We are delighted to share that Rakesh
Gangwal has invested $20 million in Zetwerk through Wheelhouse Venture Capital,"
Zetwerk said in a statement. Adobe Brings Firefly Generative AI Features to Adobe
Express App in Beta To Create Content Faster; Check Details."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," it added.
In August 2021, Zetwerk raised approximately $150 million in funding from DI Capital
Partners, which made the company a unicorn with a valuation of $1.3 billion. Zetwerk's
latest funding round took place in March 2023, during which it secured around $12
million in debt capital from Edelweiss. boAt Co-Founder Aman Gupta Says 'Make in
India' Helped Company Become Second-Largest Audio Brand Globally.

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