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The logistics and supply chain industries have several elements that are linked with each other to give a smooth flow of productivity. The supply chain industries today are evolving with the use of the right technology and other methods.
The supply chain industry has always been a complex subject and of keen importance to the efficient operation of an enterprise. One such company called Zetwerk in India is one of the leading providers of end-to-end manufacturing supply chain services to cater to their customers' needs.
Zetwerk - Company Highlights
- Startup Name-Zetwerk
- Headquarters-Bengaluru, Karnataka
- Sector-Industrial Machinery Manufacturing
- Founded-2018
- Founders-Vishal Chaudhary, Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma
- Valuation-$2.5B
- Total Funding-$544.2M
- Revenue-Rs 835.5 crores (FY21)
- Website-zetwerk.com
Zetwerk - About
Network is a supply chain management company that engages in connecting with manufacturers to give customised results. This Bengaluru-based company provides end-to-end manufacturing solutions to help customers reduce costs, optimise suppliers and execute production in a fast-paced manner.
The company also has partners worldwide who deal in capital goods and consumer goods categories that offer a full spectrum of manufacturing services.
Zetwerk - Industry
The logistics and supply chain management industry is considered the backbone of the economy today. Moreover, the Indian logistics sector has been showing tremendous growth all these years with an estimation of $215 billion by 2020 and is now expected to touch around $380 billion by 2025.
Zetwerk - Founders
Vishal Chaudhary
An alumnus of IIT, Kharagpur in Chemical Engineering, Vishal Chaudhary is the co-founder at Zetwerk. He started his career working as a Project Manager at ITC to working as Lead, Organisation & Business Engine at RIVIGO.
Amrit Acharya
Holding a degree in electrical engineering from IIT, Madras, Amrit Acharya is the co-founder and CEO of Zetwerk. During his course of career growth, Amrit has been associated with many companies. Before starting Zetwerk, he worked at Robert Bosch, Avaya, ITC, McKinsey & Company, Foundation Capital, and Monsanto Growth Ventures.
Srinath Ramakkrushnan
Srinath holds a bachelor's degree from IIT, Madras in Mechanical Engineering. Before venturing to become the co-founder of Zetwerk, Srinath has been associated with industries. Some of them are General Motors, Acumen Fund, Selco India, Austrian Energy & Environment (Now Acquired by Doosan), ITC Limited, and BlackBuck (Zinka Logistics Solutions Pvt. Ltd.) among others.
Rahul Sharma
Rahul Sharma is an alumnus of IIT, Roorkee. Currently, he is one of the founders of Zetwerk. He was also the co-founder of Prepnut, which was a platform to help job seekers prepare for interviews and other exams.
Rahul Sharma started his career as a Senior Field Engineering at Schlumberger, and as a Head at BlackBuck (Zinka Logistics Solutions Pvt. Ltd.)
Zetwerk - Name, Logo, and Tagline
The founders came up with the name 'Zetwerk', which is a Dutch word meaning strong foundation. The tagline of the company is 'Maximise Manufacturing'
Zetwerk - Startup Story
Zetwerk was started by four IITians with the object to create a B2 venture to help companies manage supply chains. The company was founded in May 2018, and within 30 thirty days, it showed some signs of maturity.
The company started to pivot from software as a service (SaaS) to a B2B marketplace for personalised manufacturing solutions to suppliers. However, in the initial days, Zetwerk did not have many investors because were not aware of the potential Zetwerk, and also because the business model of Zetwerk was transformed from software to a B2B marketplace.
The founders of the company were worried because they were living in the fear of the unknown and taking risks. Later on, they managed to impress the investors, and soon the company took off to newer heights.
The company started to become popular and raised funding of $1.33 billion in 2021 in a Series E investment round. The company became profitable in July 2021 just within three years.
Today, Zetwerk is among the top unicorns in India with a revenue of Rs 835.5 crore. It is also one of the largest B2B global manufacturing networks for custom manufacturing.
Zetwerk - Business Model
The company's business model is mainly about manufacturing OS that results in maximum efficiency, transparency, and productivity.
The company operates by offering customers complete control of their projects with easy accessibility and tracking.
Zetwerk works in manufacturing every kind of product from apparel to aircraft engines, it delivers a wide range of manufacturing solutions that ensures the right match for specifications at industrial costs.
The company operates to ensure that customers have maximum precision, maximum quality, and maximum clarity.
It has its operations placed globally and partners with 10,000+ suppliers and facilities spread across various regions and capabilities. Zetwerk has its manufacturing plants in 15+ countries with over 2000+ projects.
Zetwerk - Revenue
With a turnover of Rs 835.5 crore in the fiscal year March 2021, Zetwerk mainly gets 85% of its revenue from industrial manufacturing, and the rest comes from consumer products manufacturing.
Zetwerk - Mergers and Acquisition
The company has acquired three industrial sectors intending to boost its vertical business in oil and gas, aerospace, defense, and infrastructure component segments.
The three companies acquired by Zetwerk are:
- Pinaka Aerospace deals in making solutions for aerospace and defense
- SharpTanks, Zetwerk has a majority stake in this company
- Wardha Fabrication unit of Wheels India. This company manufactures fabricated parts for power, roads, and railways.
Zetwerk - Competitors
The company has some competitors, they are as follows:
- Arconic Lafayette
- Bloom Procurement Services
- wherEX
- Teegara
- Indiamart
- Moglix
- Udaan
- Industrybuying
- Chizel
- Infra.Market
Zetwerk - Awards and Achievements
The company has recently bagged an order of Rs 126 crore from L&T for the bullet train project.
In the starting year, the company won the prestigious Mint StartupIcon Award in the infrastructure and logistics category.
Zetwerk - Advertisements
In 2021, the brand indulged in a brand campaign when it unveiled its new look and logo to mark the organisation's another chapter in the global manufacturing world.
Zetwerk - Future Plans
The company has demonstrated enormous growth with its revenue growing three times in 2020-21. With this success rate, the company is planning to grow its revenue by four times by the end of this year and is expanding the business in a capital-efficient manner.
FAQs
Who is the founder of Zetwerk?
Vishal Chaudhary, Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma are the founders of Zetwerk.
Is Zetwerk a unicorn?
Yes, Zetwerk entered the unicorn club in 2021
What does Zetwerk do?
Zetwerk provides end-to-end supply chain solutions to companies.
