Zetwerk raises $21 million funding led by Greenoaks Capital

Valuation & Biz-Modeling

Business-to-business (B2B) manufacturing platform Zetwerk has raised $21 million ( ₹160 crore) as part of its Series C round, led by existing investor US-based Greenoaks Capital. Existing investors including Accel, Kae Capital, Lightspeed and Sequoia India also participated in this round.

The funding round comes just six months after the two-year old startup had raised $32 million as part of its Series B round in December that was also co-led by Greenoaks capital.

With the current funding, Zetwerk has raised total equity capital of $62 million ( ₹450 crore) till date.

The firm is looking to use the funds for international expansion, launching new categories and strengthening its product stack.

“We believe Zetwerk has developed unique software to enable an enormous global manufacturing marketplace connecting OEMs and EPCs with industrial suppliers. Increasingly, companies are looking to diversify their supply chain globally and Zetwerk’s platform allows them to identify and collaborate with supplier partners to deliver projects on-time and with high quality, ” said Neil Shah of Greenoaks Capital.

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Mr. Chander Sawhney

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