India-based Zetwerk, a B2B manufacturing startup using advanced technology to reduce costs, optimise suppliers, and accelerate production, raised USD 210 million on 28th December 2021.
Investors: The investment round was led by US-based Greenoaks Capital and Greenoaks Capital. In addition to other investors, ICONIQ Strategic Partners, D1 Capital Partners, Steadview Capital Mauritius, Avenir Zetwerk Investors, and Lightspeed Venture Partners participated in the round. This investment round is categorised as Series F. Total funding is more than 600 million, with existing investors participating to hold their stakes.
Purpose of funding: The startup plans to expand internationally and explore inorganic opportunities through acquisitions with the funding. Moreover, in setting up a global footprint, the startup is looking for high profile clients to increase their market share in industrial automation. It hopes to expand its team members in each department after its recent funding in August and October 2021.
About Zetwerk
Founded in 2018 by Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, Vishal Chaudhary, Zetwerk is located in Bangalore, India. Zetwerk is a B2B manufacturing startup that uses advanced technology to reduce costs, optimise suppliers, and accelerate production in traditional manufacturing. The startup has a global manufacturing networking specialising in transforming digital designs into physical objects.
Using its platform, the startup connects industrial manufacturers with customised machines and equipment suppliers. In addition to selling products and services, the company sells parts and accessories for cranes, doors, machine chassis, ladders, and fabrication, machining, casting, and forging services. Zetwerk also offers collaboration tools to improve buyer-supplier interactions, as well as implementation tools to make complex products easier.
While providing apps and services, the company will also host a third-party app marketplace. Through the company’s marketplace, businesses can obtain custom products and machine parts, as well as obtain more orders and grow their revenues. The company has a nationwide network of manufacturing facilities to enable businesses to get products manufactured for any budget or timeline. Zenwerk helps suppliers increase their capacity utilisation by 40% and increase efficiency by 80% with their proprietary technology. Additionally, Zetwerk offers lending, invoice, and financial services to support suppliers in their growth and development.
It claims to have the highest level of precision, efficiency, clarity, and quality. In addition, the startup has quality certifications from ISO, NPSIL, Indian Railways, IBR, EIL, NTPC, and ASME. The company’s global network spans over 25 industries, 600 customers, 10000 suppliers, 2000 projects, and 15 countries.
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