Zetwerk raises $70 million from Khosla Ventures, others; valuation inches up to $3 billion

Zetwerk, a contract manufacturing startup, secured an additional $70 million in funding, reaching a $3 billion valuation. Led by Khosla Ventures and Rakesh Gangwal, the round included new investor Baillie Gifford. Zetwerk plans to expand into new sectors like renewables and geographies, eyeing an IPO next financial year. The company's revenue reportedly reached Rs 15,000 crore in FY24.