Bangalore-based Zetwerk R aises $120M in Series
Bangalore-based Zetwerk, a B2B marketplace for manufacturing items, has recently secured $120 million in a Series D funding round. The funding was led by existing investors Greenoaks Capital and Lightspeed Venture Partners, with participation from other investors such as Sequoia Capital India . This latest investment brings the total amount raised by Zetwerk to $193 million . The company plans to utilize the funds to expand its operations in India and globally, as well as invest in technology and talent .
Expanding Operations and Global Presence
Zetwerk aims to leverage the newly raised capital to expand its operations both within India and internationally. With the increasing demand for manufacturing items, the company plans to strengthen its presence in existing markets while exploring new opportunities in other regions . By expanding its operations, Zetwerk aims to cater to a broader customer base and provide efficient solutions for businesses in need of manufacturing services.
Investing in Technology and Talent
In addition to expanding its operations, Zetwerk plans to invest a significant portion of the funding in technology and talent. The company recognizes the importance of technological advancements in streamlining manufacturing processes and enhancing customer experience. By investing in technology, Zetwerk aims to develop innovative solutions that can optimize manufacturing operations and improve overall efficiency .
Furthermore, Zetwerk intends to attract top talent to drive its growth and innovation initiatives. With the additional funding, the company will be able to recruit skilled professionals who can contribute to its technological advancements and help Zetwerk maintain its competitive edge in the market .
Building on Existing Success
The successful completion of the Series D funding round reflects the confidence of investors in Zetwerk’s business model and growth potential. The company has already established itself as a leading B2B marketplace for manufacturing items, connecting businesses with reliable suppliers and manufacturers . Zetwerk’s platform offers a seamless experience for businesses looking to outsource their manufacturing needs, providing access to a wide range of suppliers and ensuring quality control throughout the process.
With the additional funding, Zetwerk will be able to further enhance its platform and expand its network of suppliers, enabling businesses to find the right manufacturing partners more efficiently. This will not only benefit Zetwerk but also contribute to the growth of the manufacturing industry as a whole by facilitating smoother collaboration between businesses and manufacturers .
The $120 million Series D funding round led by Greenoaks Capital and Lightspeed Venture Partners marks a significant milestone for Bangalore-based Zetwerk. With this investment, the company is well-positioned to expand its operations, strengthen its global presence, and invest in technology and talent. Zetwerk’s success in securing funding reflects the confidence of investors in its business model and growth potential. As the company continues to innovate and provide efficient solutions for businesses in need of manufacturing services, it is poised to play a pivotal role in shaping the future of the manufacturing industry.