
Zetwerk, a contract manufacturing startup, reported a 25% increase in operating revenue for the fiscal year 2024, reaching Rs 17,564 crore in gross merchandise value (GMV). However, the company's losses tripled to Rs 470 crore. Zetwerk's GMV has surpassed $2 billion in FY24, and it has an open order book valued at Rs 12,839 crore. The firm also reported an adjusted EBITDA of Rs 191 crore from operations and raised approximately $90 million in funding during 2024, which has valued the company at $3.1 billion. In other news, Accenture announced a 1 percentage point increase in its FY25 revenue forecast due to foreign exchange revisions and reported a headcount increase of 24,000 in Q1 FY25, marking the third consecutive quarter of growth. The majority of these new recruits are based in India, contributing to a total headcount of 799,000.



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