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Zetwerk, a B2B e-commerce unicorn that is about to go public, is seeking Rs 600 crore, or roughly $70 million, from its backers through a recently established company called Creovate Innovation Private Limited. The platform analysed papers that show the company’s Board authorised a special resolution to issue 6.46 crore preference shares in order to assist the infusion of funds. Zetwerk co-founders Amrit Pratik Acharya and Srinath Ramakkrushnan founded Creovate Innovation in March 2025. Both co-founders will contribute equally to this round, the sources say.
As per the platform findings, the newly incorporated company (Creovate Innovate) is also raising Rs 650 crore via debt with the likes of Avendus and RV Capital and over 100 other investors. The company has already received Rs 497 crore ($58.4 million) during the round. The fresh proceeds will be used for meeting fund requirements, growth plan, and general corporate purposes, but not limited to capital expenditure, as per the filings.
By working with vendors who specialise in machine part fabrication, machining, casting, forging, and galvanising, Zetwerk links customers and suppliers for manufacturing projects. It operates in Southeast Asia, the Middle East, the US, and India. Through a combination of debt and equity financing, Zetwerk has raised more than $800 million. In December of last year, the company raised $70 million in a Series F round headed by Khosla Ventures, which estimated its post-money worth at $3 billion. The platform was the only outlet to report the development. The company claimed a 26% year-over-year growth in gross revenue to Rs 14,436 crore in FY24 from Rs 11,449 crore in FY23, while it has not yet released its FY25 figures. Zetwerk competes with Infra.Market, OfBusiness, and Moglix. Infra.Market recently raised $150 million from Mars Growth Capital, OfBusiness is gearing up for an IPO, and Moglix has shown steady growth over the years.
About Zetwerk
Zetwerk has been co-founded by Amrit Acharya and Srinath Ramakkrushnan. They are both IIT graduates who envisioned transforming India’s industrial landscape and boosting its manufacturing sector on a global scale. Zetwerk, based in Bangalore is a supply chain management company that engages in connecting with manufacturers to give customized results. This Bangalore-based company provides end-to-end manufacturing solutions to help customers reduce costs, optimize suppliers, and execute production in a fast-paced manner.