Bangalore-based Zetwerk Raises $120 Million in Series D Funding Round Led by Greenoaks and Lightspeed
Zetwerk, a Bangalore-based B2B marketplace for manufacturing products and services, has raised $120 million in a Series D funding round led by Greenoaks and Lightspeed. The funding round also saw participation from existing investors Sequoia Capital, Kae Capital, and Accel Partners. With this latest funding, Zetwerk’s total funding has now reached $193 million.
Zetwerk was founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, and Vishal Chaudhary. The company provides a platform for businesses to connect with manufacturers and suppliers for custom manufacturing of industrial products. The platform offers a range of services including design, engineering, procurement, and quality control.
Zetwerk’s Growth Trajectory
Zetwerk has seen tremendous growth since its inception. The company has more than 1,500 suppliers on its platform and has completed over 100,000 transactions. The company has also expanded its services to include end-to-end project management, which includes design, engineering, procurement, and quality control.
The company’s growth has been fueled by the increasing demand for customized industrial products. Zetwerk’s platform allows businesses to connect with manufacturers and suppliers who can provide customized solutions at competitive prices. This has resulted in significant cost savings for businesses and has helped Zetwerk establish itself as a leader in the B2B manufacturing space.
Zetwerk’s Plans for the Future
With the latest funding round, Zetwerk plans to expand its services to new geographies and verticals. The company also plans to invest in technology to enhance its platform’s capabilities and improve user experience. Zetwerk also plans to hire new talent across various functions to support its growth plans.
Zetwerk’s co-founder and CEO, Amrit Acharya, said, “We are excited to have Greenoaks and Lightspeed join us on this journey. Their experience in scaling global technology companies will be invaluable as we continue to expand our services and reach new customers.”
Zetwerk’s Competitive Landscape
Zetwerk operates in a highly competitive market with several players vying for market share. Some of the key players in the B2B manufacturing space include Alibaba, IndiaMart, and ThomasNet. However, Zetwerk’s focus on customized solutions and end-to-end project management sets it apart from its competitors.
Zetwerk’s platform offers businesses a one-stop-shop for all their manufacturing needs, which includes design, engineering, procurement, and quality control. This has helped the company establish itself as a leader in the B2B manufacturing space and has enabled it to attract marquee investors like Greenoaks and Lightspeed.
Conclusion
Zetwerk’s latest funding round is a testament to the company’s growth trajectory and its potential to disrupt the B2B manufacturing space. With the support of its investors, Zetwerk plans to expand its services to new geographies and verticals and invest in technology to enhance its platform’s capabilities. Zetwerk’s focus on customized solutions and end-to-end project management has helped it establish itself as a leader in the B2B manufacturing space and will continue to be a key differentiator as it competes with other players in the market.
