Zetwerk bags $120 Mn in its Series D round
Bengaluru: Zetwerk, a B2B marketplace for custom manufacturing, has secured $120 million in its Series D round led by Greenoaks Capital and Lightspeed Venture Partners.
The fresh round comes within seven months of its Series C round during which it had scooped up $21 million led by Greeenoaks along with participation from existing backers such as Accel, Kae Capital, Lightspeed, and Sequoia India.
According to the Zetwerk, the fresh proceeds will be used for business expansion across geographies and categories. The Amit Acharya-led company will also look at smaller merger and acquisition opportunities to grow further.
The three-year-old company connects buyers and suppliers for manufacturing jobs. It partners with offline suppliers who are engaged in the fabrication, machining, casting, forging, and galvanizing of machine parts. Operational in over 15 countries, it claims to serve over 100 customers across more than 25 industries in India, North America, Middle-East and South-East Asia.
