The five-year old consumer brand has manufacturing facilities across Germany, Italy, USA, and Korea, besides India, and sells its products globally.

The company has made a comeback by letting go of non-core businesses, focusing on unit economics, and acting on the foresight of targeting non-metro cities

Spotify has been sharpening its focus on India over the past couple of years, given the growing appetite of millions of Indians for music streaming services.

Founded in 2018, Zetwerk is one of the very few manufacturing startups that has grown at a breakneck speed and attracted big-name investors including Lightspeed, Sequoia, Greenoaks, and Kae Capital.

Flushed with money, the three-year-old startup has been eyeing overseas markets like South Korea, Japan, and North America.

Digital healthcare startups in India saw a significant adoption boost due to COVID-19 last year.

The move is aimed to woo offshore funds and make them park their money in India, which is likely to flow into the world’s third-largest startup ecosystem.

India recently announced a seed fund with a corpus of USD 136 million.