Bangalorebased zetwerk b2b 120m series capital
Bangalorebased zetwerk b2b 120m series capital marketplace for manufacturing products, has raised $120 million in its latest Series D funding round. The funding round was led by Greenoaks Capital and Lightspeed Venture Partners, with participation from Sequoia Capital India and Kae Capital. This latest round of funding brings Zetwerk’s total funding to $193 million, making it one of the most well-funded B2B marketplaces in India.
The Growth of Zetwerk
Zetwerk founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, and Vishal Chaudhary. The company provides a platform for businesses to source and manufacture custom products from a network of verified suppliers. Zetwerk’s platform streamlines the procurement process for businesses by providing them with access to a wide range of suppliers, while also ensuring quality control and timely delivery. Since its inception, Zetwerk has grown rapidly, with over 500 suppliers and 1,500 customers on its platform. The company has also expanded its offerings to include services such as design and engineering, project management, and logistics. Zetwerk’s growth has been fueled by the increasing demand for customized manufacturing solutions in India, as well as the growing adoption of digital procurement platforms by businesses.
The Future of Zetwerk
With its latest funding round, Zetwerk plans to further expand its offerings and scale its operations. The company aims to use the funds to invest in technology and infrastructure, as well as to expand its supplier network and customer base. Zetwerk also plans to expand its presence in international markets, with a focus on Southeast Asia and the Middle East. Zetwerk’s success in raising $120 million in Series D funding is a testament to the growing demand for B2B marketplaces in India. The company’s innovative platform has disrupted the traditional procurement process, providing businesses with a more efficient and cost-effective way to source and manufacture custom products. With its continued growth and expansion, Zetwerk poised to become a leading player in the global B2B marketplace industry.