India's prominent B2B digital manufacturing unicorn Zetwerk has successfully secured significant funding through invoice discounting, marking a major milestone in the country's manufacturing sector. The company announced on Monday, November 24, that its group entities raised substantial capital through the country's leading invoice discounting platform.
Substantial Funding Across Multiple Entities
The manufacturing giant revealed that its group companies collectively raised ₹265 crore through strategic invoice discounting arrangements. The funding was distributed across multiple Zetwerk entities, demonstrating the diversified strength of the organization's operations.
Zetwerk Manufacturing Businesses Private Limited secured the largest portion with ₹150 crore, followed by Zet Town India Private Limited with ₹75 crore. Meanwhile, Winsharp Electronics Private Limited and Sharp Tanks and Structurals Private Limited each obtained ₹20 crore in funding.
Strong Institutional Confidence
The funding round witnessed impressive participation from 25 prominent family offices who invested through TradeCred's advanced technological platform. This substantial involvement underscores the strong institutional confidence in Zetwerk's growth trajectory and operational resilience within the competitive manufacturing landscape.
The enhanced partnership features comprehensive technological integration that will enable seamless and scalable working capital solutions across Zetwerk's diverse subsidiaries. These operations span multiple critical sectors including precision manufacturing, renewables, infrastructure, consumer products, and capital goods.
Strengthening a Six-Year Partnership
This transaction represents TradeCred's single-largest partnership achievement to date, further cementing a collaborative relationship that has spanned six years between the two companies. The long-standing association highlights the trust and reliability built over years of successful cooperation.
Hardik Shah, Founder and CEO of TradeCred, expressed enthusiasm about the expanded collaboration. "Zetwerk has been a trusted partner for over six years. This ₹265 crore facility demonstrates the robustness of their business model and the strength of our integrated technology stack. We take pride in powering efficient working capital for one of India's fastest-growing manufacturing platforms," Shah stated.
TradeCred, established in 2018, has empowered more than 150 corporates to discount invoices exceeding ₹1,000 crore every quarter. The platform has established itself as the preferred fintech partner for large enterprises seeking flexible, technology-driven supply chain finance solutions.
Future Growth Prospects
While Zetwerk has not announced any official timeline for its initial public offering (IPO), media reports suggest the company is considering fundraising options, including a potential IPO in 2025. Earlier in May, Mint reported that Zetwerk co-founders Amrit Acharya and Srinath Ramakkrushnan were planning to raise up to $100 million to increase their stake in the company.
This significant funding infusion through invoice discounting positions Zetwerk for accelerated growth and expansion across its diverse manufacturing portfolio, reinforcing its status as India's leading B2B digital manufacturing unicorn.
