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Faad Network • 3m
Meet the man who was rejected 36 times before building a 25,000 CR company. 1. After graduating from IIT Madras and Haas School of Business, Amrit Acharya had a cushy consulting job with McKinsey in the US. But he still wanted to tackle inefficiencies in India's manufacturing sector. He made an overnight decision, packed two suitcases, and booked a flight back to India to solve this. 🙌 2. He knew manufacturing was expensive for small companies and built an end-to-end contract manufacturing marketplace with reliable suppliers. Alongside his three IIT friends, he started a company. In May 2018, Zetwerk was born. 🚀 3. Starting from steel pipes to aircraft engine components in the infrastructure and energy space, Zetwerk had too many challenges. The absence of a copycat business model in the US and an operationally heavy requirement had made Amrit hear no from 36 investors. He had to do something. 🤔 4. He kept scaling both sides—on the Demand side, he worked with mid-to-large OEM companies from India and Southeast Asia, and on the supply side, with SMEs like RN fabricators and GM Engineers. By 2019, it scaled to 500 supply partners and a monthly delivery capacity of 15K megatons with over 200 projects. And magic happened. 🪄 5. Zetwerk raised 64 CR in Series A from Accel and Sequoia India. With funds, it scaled to 1500 supply partners and 15,000 fabrication, machining, casting and forging parts monthly in just nine months. In December 2019, it raised 225 CR from Lightspeed and Greenoaks. 💰 6. Zetwerk primarily earned from transaction fees but had raked up just 16 CR until now. As Amrit was finding solutions, COVID-19 happened. The supply chain froze; nobody wanted to import from China, and the Indian government focused on "Make in India." Zetwerk's moment had come. 👇 7. Operating revenue jumped from 16 CR in FY19 to 321.93 CR as it expanded from Industrial engineering to apparel, consumer electronics, and kitchen products. By Aug 2021, it had zoomed to a revenue of 835.5 CR and raised 1100 CR, led by D1 at a valuation of 9,750 CR. It had become a unicorn and profitable at the same time. 🦄 8. Zetwerk kept scaling with precision manufacturing and reached a monster revenue of 4961 CR by 2022. It had raised 1585 CR in its Series E funding and had become a 21,000 CR company. 📈 9. Today, Zetwerk manages over 10,000 suppliers and 1,000 enterprise clients. With a revenue of 14,596.8 CR, it continues to serve over 2000 clients in 20 countries and manufacture 9 million parts. 💪 ➡️ Who would have thought that after coming to India overnight and receiving over 36 rejections from investors, Amrit Acharya would build a 25,000 CR company? 🙏
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Faad Network • 14d
Started from a village in Tamil Nadu and built an 8500 CR company. 1. Born in the rural foothills of Pachamalai in Tamil Nadu, Arulmany Duraiswamy used to manage oilseeds orchards, helping villagers overcome financial gaps. Honing his knowledge furt
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Faad Network • 2m
Gifted 5 CR cars to employees, drives a second-hand car himself. 1. Born in Cuddalore in Tamil Nadu, Suresh Sambadnam was always interested in computers. Although he had secured admission to the University of Madras, he never attended college. At 19
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Faad Network • 11d
Started from a village in Tamil Nadu and built an 1100 CR Hospital. 1. Born along the banks of the River Kaveri in the temple city of Tiruchirappalli (Trichy), Tamil Nadu, Manivannan Selvaraj aspired to become an engineer, like many in the 1980s. B
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Faad Network • 8m
Meet the man who started at 19 and built a 17,000 CR business empire. 1. Born into a Marwari family in Hisar (Haryana), Balkrishan Goenka (BKG) was born to a father who traded and exported food grains. But he wanted to do something of his own. At 16
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Faad Network • 21d
Left his high-paying job in the UK and built a 13,700 CR company in India. 1. Born into a family of professors, Jaydeep Burman did not disappoint. He pursued mechanical engineering at IIT Kanpur, followed by an MBA at the prestigious INSEAD school.
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Faad Network • 1m
Started a 2000 CR company at 26, sold it and built another 3500 CR company. 1. After working for five years with Siemens, Mitsui and Tata's Nelco, Rakesh Malhotra was over corporate life. During this time, he observed something. In 1983, frequent po
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Faad Network • 3m
Left job at Google to build a 21,500 CR company. 1. After graduating from IIT Kanpur, Rahul Garg started at Google Asia, leading the AdX business. Despite a thriving career, he saw inefficiencies in India's industrial procurement—fragmented supply c
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Faad Network • 8m
Meet the man who never fired an employee and built a 5650 CR company. 1. After graduating from IIT Kanpur in 2001, Aloke Bajpai moved to Europe as a software engineer at Amadeus, a travel tech company. After four years, he joined the coveted Insead
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