Rakesh Gangwal Invests $20 Million in Zetwerk

IndiGo co-founder Rakesh Gangwal has put $20 million into Zetwerk, a contract manufacturing startup, through Wheelhouse Venture Capital. Gangwal's strategic guidance is expected to elevate Zetwerk into a generational company. Founded in 2018, Zetwerk partners with industrial and consumer enterprises for global contract manufacturing. The company has expanded into IT hardware and plans to manufacture components for electric vehicles. Zetwerk aims to invest over Rs 1,000 crore in consumer electronics and expand its manufacturing facilities. Despite widening losses, Zetwerk's revenue doubled in FY23. Gangwal's investment signifies a new chapter for Zetwerk's growth and innovation.