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Zetwerk Forays Into Aerospace, Defence

In February, Zetwork raised $120 million in a Series D funding round led by Greenoaks Capital, a USA-based finance company. Sequoia Capital and Kae Capital also participated in this round.

Consumer goods manufacturer Zetwerk has set up a subsidiary to manufacture key products in the defense, satellite, and other manufacturing space. In February, Zetwork raised $120 million in a Series D funding round led by Greenoaks Capital, a USA-based finance company. Sequoia Capital and Kae Capital also participated in this round.

Zetwork has recently launched a vertical called Zetwork Kinetix Technologies Ltd will develop products in areas like rocket motor transportation, defense, and other protection systems. They are setting up a manufacturing plant in Tamil Nadu for the same. The focus of the company is to make cost-effective, timely, and niche products without compromising on quality. The entire process will be transparent end-to-end from orders to final delivery. The platform presently has over 1000 projects across 15 countries with 2000 suppliers.

Source: Business World

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