Zetwerk Raises INR 100 Cr In Debt Funding
B2B contract manufacturing marketplace Zetwerk reportedly raised INR 100 Cr in debt funding from the likes of Edelweiss Group, along with one more fund and multiple high net-worth individuals (HNIs).
A Mint report citing sources noted that the debt was raised by issuing non-convertible debentures (NCDs) with around INR 83 Cr coming from Edelweiss Credit Plus Fund.
The report further added that the funding round was part of a syndicated round, with one more fund and several HNIs participating. However, while these participants chipped in the rest of the INR 17 Cr in the funding round, these were not named.
