Bangalore-Based Zetwerk Rakes $120 Million in Series D Funding
Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, has raised $120 million in Series D funding from Lightspeed Venture Partners and Greenoaks Capital. The new funding will be used to grow and expand Zetwerk’s global footprint. Zetwerk provides a streamlined way for manufacturers and suppliers to find one another and streamline their supply chains. In this article, we will discuss about bangalorebased zetwerk b2b 120m series greenoaks.
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Zetwerk is a business-to-business marketplace for manufacturing items
Zetwerk is a business-to business marketplace that connects manufacturers with companies that need their products manufactured. The platform allows companies to share product blueprints with suppliers and manage their projects. It offers services such as quality certification, inventory management, and supply chain management. Zetwerk also offers financial support for suppliers.
Bangalorebased zetwerk b2b 120m series greenoaks model is to work directly with OEMs and suppliers that provide high-quality materials for manufacturing items. Its pricing model is two-fold: it applies a take-rate to each transaction between a manufacturer and a buyer. This allows the business to flex its pricing strategy to meet the needs of its customers and the needs of its suppliers.
Customers can search through Zetwerk’s extensive database of suppliers to find the right one for their needs. The marketplace aims to help manufacturers increase their efficiency and revenue by offering a variety of portfolio services that include raw material procurement, logistics, and access to working capital.
Zetwerk is an online marketplace that connects manufacturers with suppliers who specialize in specific manufacturing items. The company works with manufacturers and workshops that specialize in fabrication, forging, and casting. Customers can also access Zetwerk to find parts that they cannot find in their local store. It serves a diverse range of industries in the US, Germany, Japan, and China.
The company is headquartered in India, but has a global presence. It has a small presence in North America and channel partners in Europe. Its recent pivot has helped it secure multiple international orders, with more than 5% of their total business coming from outside the country. Zetwerk is focused on becoming a category creator, and is working on developing a global presence.
Zetwerk started as a database of Indian manufacturers but quickly morphed into a marketplace that connects these firms with suppliers. The platform also lets firms track the progress of their orders and their shipping. The company currently has 150 partners and 2,500 small and medium-sized businesses. In addition, it provides quality assurance services.
In FY20, Zetwerk reported a 20x increase in revenue. This funding round was led by Green Oaks Capital, with participation from Accel, Swiggy, Kae Capital, and Sequoia Capital. As part of the financing round, Zetwerk is also planning to raise debt funding.
Zetwerk connects Indian manufacturers with global clients. It has 2,500 small and medium-sized businesses and delivers more than 30,000 items per month. Since its founding in December 2017, the company has grown more than three times and has over twenty-five international customers. It has expanded into the consumer goods industry and is expanding overseas this year.
Zetwerk’s founders are from various backgrounds. Previously, Amrit Acharya was an associate at McKinsey and Company and was involved in the M&A strategy of an F500 company. The founders also had previous experience with startups such as OfBusiness, a raw materials aggregator.
It has raised $210 million in a fresh round of funding
The bangalorebased zetwerk b2b 120m series greenoaks in a fresh funding round led by Greenoaks Capital. The investment round included investments of $72.5 million and Rs 543.8 crore, as well as debt financing. The company also expects to raise more funds in the future.
Zetwerk will use the new funds to expand its business into new markets, broaden its technology stack, and add more products to its platform. The startup has already diversified into the consumer goods category last year and has increased its revenues by 15% in the last six months. The company also plans to expand into international markets.
Zetwerk provides a platform for manufacturing services that connects mid-size businesses and suppliers. The company works with manufacturers of everything from industrial machine components to aerospace components. Through its platform, customers can connect with manufacturers for warehousing, supply chain solutions, and managed inventory services.
Zetwerk has raised $120 million in a Series D funding round, led by Greenoaks Capital and Lightspeed Venture Partners. Other investors in the round include Sequoia Capital and Kae Capital. Zetwerk is a company that provides supply chain services to companies across Southeast Asia.
The company’s platform allows companies to share their product blueprints with suppliers, resulting in a more efficient supply chain and more competitive pricing. Currently, it serves more than 600 customers worldwide, and has a network of over 4,000 suppliers. According to Zetwerk’s 2019-2020 revenue forecast, it is on track to reach Rs949 crore by 2021.
It has digitised multiple supply chains
Zetwerk is a global manufacturing platform that connects original equipment manufacturers (OEMs) with suppliers and vendors. The platform supports a wide variety of product categories, including consumer goods, capital goods, and precision parts. Its platform enables customers to quickly translate digital designs into tangible products and can connect them with small, flexible manufacturers in any region. In addition to its B2B marketplace, Zetwerk provides manufacturing services and supply chain solutions. More than 600 customers – including Tata Steel and BHEL – have tapped into the company’s platform.
The company’s growth has been rapid. In just six months, Zetwerk has logged 15% of revenue growth. It is on track to double its revenue by 2021 and almost quadruple its revenues the following year. The company is also on track to turn its business profitable in the current financial year.
Zetwerk has established a reputation for quality and reliability. Its operating system brings together diverse suppliers and customers, ensuring that products are delivered on time and meet the highest standards. It is positioned to become one of the largest platforms for manufacturing in the world. Its services are currently used by 250+ customers and 2,000 suppliers from multiple industries.
Zetwerk, which was founded by IIT graduates, connects manufacturers and suppliers for manufacturing jobs and provides collaboration and execution tools. It also plans to create a marketplace for third-party apps and services. The company is headquartered in Bangalore, India. It works across three core industries: precision parts, capital goods, and consumer goods. It works with more than 2,000 suppliers in over 25 industries, including automotive, aerospace, and sheet metal parts.
Zetwerk enables global manufacturers to transform digital designs into physical manifestations. The platform enables manufacturers to reduce costs, improve quality, and improve capacity utilization. The technology also eliminates uncertainties and provides end-to-end visibility. Its platform provides transparent tracking and timely delivery.
The digitalisation of manufacturing processes is becoming more complex. Zetwerk has created a solution that streamlines these processes, connecting OEMs with small manufacturing companies and EPC customers. With this platform, customers can choose the right supplier by submitting an online form. The company then receives an instant quote from a network of manufacturers.
Zetwerk raised $120 million in a Series D financing round in February 2021. The round was led by Greenoaks Capital and Lightspeed Venture Partners, while Kae Capital and Accel Partners also participated in the round. The startup plans to use the funds to expand globally and strengthen its market leadership in supply chains. If you want to know more about bangalorebased zetwerk b2b 120m series greenoaks just follow us.