Startup Atlas · B2B Marketplace

Zetwerk Unicorn

Zetwerk Manufacturing Businesses Limited ● Bengaluru, Karnataka ● Founded 2018 ● zetwerk.com ↗
Amrit Acharya · Co-founder & CEO Srinath Ramakkrushnan · Co-founder & COO Rahul Sharma · Co-founder & MD, Precision Business (Electronics) Vishal Chaudhary · Co-founder & MD, Aerospace & Defence
$794.36 MnTotal funding (tracked)
13Funding rounds
12 Dec 2024Last round

Zetwerk: Financial Breakdown

Figures below are FY2026, consolidated basis, compiled from filings and disclosures — every year cited to its source.

Rs 15,913 croreTotal revenue · +24.3% YoY
Rs 16,142 croreTotal expenses
Rs 457 croreEBITDA
Rs 1,606 crore lossNet loss · loss widened 332.9% YoY

Revenue by fiscal year

05001,0001,5002,000$MThe two-year-old company recorded operating revenue of nearly Rs 16 crore during its first full year of operations in FY19.: $2.4M2.4FY19Operating revenue jumped more than 20X from Rs 16.45 crore in FY19 to nearly Rs 322 crore in FY20: $45.4M45FY20Revenue from operations grew 6X to Rs 4,961 crore in FY22 from Rs 835 crore in FY21: $665.9M666FY22Zetwerk's GMV (gross revenue) surged 2.3X to Rs 11,448 crore: $1423.9M1,424FY23Zetwerk's gross revenue fell 11% to Rs 12,798 crore in FY25 from Rs 14,443 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC).: $1744.3M1,744FY24Gross revenue fell 11% to Rs 12,798 crore in FY25 from Rs 14,443 crore in FY24: $1513.1M1,513FY25Rs 15,913 crore: $1801.1M1,801FY2026

Net profit / loss by fiscal year

-200-150-100-500$MNet loss of Rs 4.48 crore during the fiscal ended in March 2019: $-0.6M-0.6FY19Losses grew 6.5X to Rs 29.05 crore in FY20: $-4.1M-4.1FY20Losses for the company increased only 46.3% to Rs 60 crore in FY22: $-8.1M-8.1FY22its losses grew 81% to Rs 109 crore in the same period (FY23): $-13.6M-14FY23the company reduced its losses by 60% to Rs 371 crore in FY25 from Rs 918 crore in FY24.: $-110.9M-111FY24the company reduced its losses by 60% to Rs 371 crore in FY25 from Rs 918 crore in FY24.: $-43.9M-44FY25Rs 1,606 crore loss: $-181.8M-182FY2026

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2026 Rs 15,913 crore Rs 16,142 crore Rs 457 crore Rs 1,606 crore loss source
FY25 Gross revenue fell 11% to Rs 12,798 crore in FY25 from Rs 14,443 crore in FY24 Zetwerk reduced its total expenses by 12% to Rs 13,196 crore in FY25 from Rs 15,001 crore in FY24. the company posted a positive EBITDA of Rs 145 crore in the same period. the company reduced its losses by 60% to Rs 371 crore in FY25 from Rs 918 crore in FY24. source
FY24 Zetwerk's gross revenue fell 11% to Rs 12,798 crore in FY25 from Rs 14,443 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). Zetwerk reduced its total expenses by 12% to Rs 13,196 crore in FY25 from Rs 15,001 crore in FY24. — the company reduced its losses by 60% to Rs 371 crore in FY25 from Rs 918 crore in FY24. source
FY23 Zetwerk's GMV (gross revenue) surged 2.3X to Rs 11,448 crore — — its losses grew 81% to Rs 109 crore in the same period (FY23) source
FY22 Revenue from operations grew 6X to Rs 4,961 crore in FY22 from Rs 835 crore in FY21 — — Losses for the company increased only 46.3% to Rs 60 crore in FY22 source
FY20 Operating revenue jumped more than 20X from Rs 16.45 crore in FY19 to nearly Rs 322 crore in FY20 — EBITDA margin improved from -25.23% in FY19 to -5.23% for the fiscal which ended in March 2020 Losses grew 6.5X to Rs 29.05 crore in FY20 source
FY19 The two-year-old company recorded operating revenue of nearly Rs 16 crore during its first full year of operations in FY19. Total expenditure of Rs 20.93 crore, ~70% spent on purchase of stock in trade — Net loss of Rs 4.48 crore during the fiscal ended in March 2019 source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.zetwerk.com · Last verified 23 Oct 2026. · Report a correction