Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity

Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity

SUMMARY

Zetwerk is expanding its capacity in the mobile phones, hearable and wearable spaces from 16 assembly lines in one factory in Noida to 60 assembly lines across six manufacturing facilities

The unicorn is also solidifying its foothold in the computer devices space by manufacturing motherboards, desktop PC power supplies, and other electronic components at its Bengaluru facility

Last month, Zetwertk bagged $20 Mn funding from IndiGo promoter Rakesh Gangwal-led Wheelhouse Venture Capital

Zetwerk, a managed marketplace for contract manufacturing, said it has earmarked an investment of INR 1,000 Cr (around $120 Mn) to grow its electronics manufacturing capacity across IT hardware, television, mobile phones, hearable and wearable product segments.

In a statement, the unicorn said it aims to lead the ODM (original design manufacturer) as well as electronics manufacturing services space in the mobile phones, hearable and wearable space categories.

The startup said it is expanding its capacity in the mobile phones, hearable and wearable spaces from 16 assembly lines in one factory in Noida to 60 assembly lines across six manufacturing facilities, increasing the capacity to over 4 Mn units per month. 

Zetwerk also claimed that it is now producing one device a second from its factories.

The startup also said that it is solidifying its foothold in the computer devices space by manufacturing motherboards, desktop PC power supplies, and other electronic components for major multinational corporations and original equipment manufacturers at its Bengaluru facility.

Zetwerk has also entered the television and display devices business by commissioning one of north India’s largest TV manufacturing facilities with a production capacity of 2.4 Mn units annually to cater to both domestic and international brands.

“Zetwerk views India’s electronics manufacturing sector as experiencing a transformative shift, akin to a Y2K moment, propelling the nation towards a flourishing ‘Viksit Bharat’ (developed India). Through this significant capacity expansion, we aim to act as the ‘teen powerhouse’ of Viksit Bharat,” said Josh Foulger, president of Zetwerk Electronics.

Founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk connects manufacturing companies with vendors and suppliers for customised products that are used as components of industrial machines and equipment.

Zetwerk offers manufacturing solutions across industries such as precision manufacturing, aerospace and defence, renewables, consumer electronics, oil and gas, and infrastructure. It entered the unicorn club in 2021.

Last month, Zetwerk received an order to set up more than 1,400 electric vehicle (EV) chargers at Indian Oil Corporation (IOC) petrol stations across India. 

In the same month, the startup bagged $20 Mn funding from IndiGo promoter Rakesh Gangwal-led Wheelhouse Venture Capital.

In October last year, it also raised $120 Mn in a Series F funding round led by Avenir Growth Capital. 

 

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity-Inc42 Media
Zetwerk To Invest INR 1,000 Cr To Expand Electronics Manufacturing Capacity-Inc42 Media
You’re in Good company