Amrit Acharya, co-founder and CEO of Zetwerk, discusses the manufacturing marketplace's audited revenue metrics and pandemic-era growth trajectory.
Prediction Didn’t hold up
Acharya: Zetwerk has runway to reach $10B revenue in five years
“I see us having a pretty strong runway to even ten billion dollars of revenue in the kind of next, you know, five, five years, kind of time, time horizon.”
Assertion Partly supported
Acharya: Zetwerk is EBITDA positive and generating cash
“Two months back we announced that we are EBITDA positive as well. So we started generating cash from the business.”
Prediction Didn’t hold up
Acharya: Zetwerk on track to hit $1B revenue within six months
“I think what we can say that, you know, we are very much on track to cross the billion dollars of revenue. Maybe in the next six months.”
Assertion Not checkable as stated
Acharya: India built very little new infrastructure over the past decade
“In fact, if you look at the last 10 years of India, there's been very little new infrastructure has come up.
Most of what we do is some form of replacement of something that is already broken, or they want to upgrade you know, to meet the latest pollution nor…”
Assertion Not checkable as stated
Acharya: US consumer companies are migrating manufacturing from China to India
“A lot of consumer companies are moving all of their, there is to,
Buy everything from China.
They're now starting to make, move their manufacturing to India.
US companies, which have previously been from China are now buying from India.”
Assertion Not checkable as stated
Acharya: Zetwerk turns down 80% to 90% of customer business
“In fact, we turn down 80 to 90% of business that customers want us to do. So, you know we get billions of dollars of designs every month from customers, and we pick very, very little of that.”