India’s Zetwerk Raises $120 Million in Series D Funding Round Led by
Zetwerk, a Bangalore-based B2B marketplace for manufacturing parts, has raised $120 million in its Series D funding round led by US-based Greenoaks Capital and Lightspeed Venture Partners . The company, founded in 2018, provides a platform for businesses to buy and sell custom parts and products. With the latest funding, Zetwerk plans to expand its operations globally and invest in technology to improve its platform’s efficiency.
Zetwerk has already established itself as a leading player in the Indian market, with more than 8,000 suppliers and 250 enterprise customers . The company’s platform enables businesses to source high-quality custom parts from a network of pre-vetted suppliers. With the latest funding, Zetwerk plans to expand its operations globally and establish a presence in markets such as Southeast Asia, Europe, and North America .
Investing in Technology
Zetwerk plans to use the funds to invest in technology to improve its platform’s efficiency. The company aims to leverage artificial intelligence and machine learning to automate various processes, such as supplier selection, quality control, and logistics management . By automating these processes, Zetwerk hopes to reduce lead times and improve the overall customer experience.
Building a Strong Team
Zetwerk plans to use the funds to build a strong team of engineers, data scientists, and product managers. The company aims to hire top talent from around the world to help it achieve its ambitious growth plans . By building a strong team, Zetwerk hopes to stay ahead of the competition and continue to innovate in the B2B marketplace space.
The Future of Zetwerk
Zetwerk’s latest funding round is a testament to the company’s success in the B2B marketplace space. With the funds, Zetwerk plans to expand its operations globally, invest in technology, and build a strong team. The company’s focus on innovation and customer satisfaction has helped it establish itself as a leading player in the Indian market. With its ambitious growth plans, Zetwerk is poised to become a major player in the global B2B marketplace space.