Search

Home > 100x Entrepreneur > Amrit Acharya, Founder, Zetwerk, on bringing the next revolution in manufacturing
Podcast: 100x Entrepreneur
Episode:

Amrit Acharya, Founder, Zetwerk, on bringing the next revolution in manufacturing
Category: Business
Duration: 00:44:58
Publish Date: 2021-10-03 18:00:00
Description:

India is becoming the world's fastest-growing startup ecosystem with over 60+ Unicorn Startups, out of which 25+ have gained their Unicorn status in 2021 itself. 


One of the youngest amongst them is headed by the guest of our today’s episode, Amrit Acharya, Co-founder & CEO, Zetwerk. 


Zetwerk started in 2018, with the idea to help manufacturing managers with managing several suppliers with ease using a dashboard, as previously the role had been very “manual and prone to errors”. 


The product was great, but when they reached out to potential customers, they didn’t get a very optimistic response. Instead these customers wanted a marketplace solution where they could discover and connect with new suppliers. And that’s what led to Zetwerk's pivot within 6 months of starting up.


Currently Zetwerk helps its customers reduce costs, optimize suppliers and execute production faster. 


Some stats relating to its current scale - 

# 15+ Countries - North American, Indo-Pacific & Middle Eastern regions

# 25+ Industries - Oil & Gas, Aerospace, Automotive, Construction, Mining & more

# 100+ Retained happy customers

# 1000+ projects


During the episode, Amrit talks in-depth about the nitty-gritty of the manufacturing sector, what are some of the key focus points for customers and much more.


Notes - 

01:29 - Revenue and scale at Zetwerk

04:26 - Solving for market access & capital expenditures for small manufactures

05:31 - Zetwerk’s revenue model

10:15 - Time v/s Quality in manufacturing

18:30 - Nature of retained customers

20:47 - Order size from $1000 to $30 Mn

24:32 - Creating a catalogue for the uncatalogued market

36:15 - Approach as an entrepreneur during fundraising
Total Play: 0