Bangalore-based Zetwerk Raises $120m in Series D Funding Round Led by Greenoaks.
Indian B2B manufacturing platform Zetwerk has raised $120m in a Series D funding round led by US-based investment firm Greenoaks Capital. The funding round also saw participation from existing investors such as Lightspeed Venture Partners and Sequoia Capital India.
Zetwerk was founded in 2018 and connected customers with manufacturing and engineering firms for customized metal and plastic products. The platform offers various services, including procurement, quality control, and logistics, to streamline the supply chain process.
This recent funding round brings Zetwerk’s total funding to over $223m, following previous rounds that included investment from companies such as Accel and Kae Capital. The funding will expand the company’s team, scale its platform, and enter new markets.
Zetwerk’s co-founder and CEO Amrit Acharya stated that the funding will allow the company to “enhance our technology and product capabilities, broaden our customer base, and enter new markets to continue our strong growth trajectory.” Zetwerk has over 800 customers, including well-known names such as Tata Steel, Bharat Forge, and Larsen & Toubro.
India’s B2B manufacturing industry has been growing rapidly in recent years, but it still faces challenges such as a fragmented supply chain and a need for more transparency. Zetwerk aims to address these challenges by offering a centralized platform that connects customers with trusted suppliers.
Zetwerk’s success has been driven by its focus on customer satisfaction and quality control. The platform has a rigorous supplier vetting process and offers end-to-end quality control, including real-time monitoring and inspection.
Zetwerk also differentiates itself from competitors by offering various value-added services, such as design optimization and cost reduction analysis. The platform has also recently expanded into new areas, such as the construction industry, which could provide further opportunities for growth.
Conclusion
Zetwerk’s recent funding round is a testament to the company’s strong performance and potential for further growth. With its customer-centric approach and innovative solutions, Zetwerk is well-positioned to continue its success in the competitive B2B manufacturing industry.
FAQS
Q: What is Zetwerk, and what does it do?
A: Zetwerk is a B2B manufacturing platform based in Bangalore, India. The platform connects customers with manufacturing and engineering firms to produce customized metal and plastic products. It offers various services, including procurement, quality control, and logistics.
Q: What is the significance of Zetwerk’s recent funding round?
A: Zetwerk recently raised $120m in a Series D funding round led by Greenoaks Capital. This brings the company’s total funding to over $223m and will be used to expand its team, scale its platform, and enter new markets.
Q: Who are Zetwerk’s investors, and what other funding rounds have they completed?
A: Zetwerk has received investment from companies such as Lightspeed Venture Partners, Sequoia Capital India, Accel, and Kae Capital. The company has completed several funding rounds since its founding in 2018.
Q: What sets Zetwerk apart from its competitors?
A: Zetwerk’s focus on customer satisfaction and quality control sets it apart from B2B manufacturing industry competitors. The platform has a rigorous supplier vetting process and offers end-to-end quality control, including real-time monitoring and inspection. It also offers various value-added services, such as design optimization and cost reduction analysis.
Q: What is the B2B manufacturing industry like in India, and what challenges does it face?
A: India’s B2B manufacturing industry is growing rapidly but still faces challenges such as a fragmented supply chain and a need for more transparency. Zetwerk aims to address these challenges by offering a centralized platform that connects customers with trusted suppliers.
Q: What are Zetwerk’s plans for the future?
A: Zetwerk plans to use its recent funding to enhance its technology and product capabilities, broaden its customer base, and enter new markets to continue its strong growth trajectory. The company also aims to expand into new areas, such as the construction industry.
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