Bangalore-based Zetwerk Raises $120M in Capital from Lightspeed and Singhtechcrunch
Zetwerk, a Bangalore-based B2B marketplace for manufacturing items, has raised $120 million in a Series D funding round led by Lightspeed Venture Partners and Singhtechcrunch. The funding round also saw participation from Greenoaks Capital and Sequoia Capital India. The latest investment brings the total amount raised by Zetwerk to $193 million.
Zetwerk was founded in 2018 by Amrit Acharya, Srinath Ramakkrushnan, and Vishal Chaudhary. The company’s platform connects small and medium-sized enterprises (SMEs) with large manufacturers, enabling them to source high-quality products at competitive prices. Zetwerk’s platform also provides end-to-end project management services, including design, engineering, quality control, and logistics.
Expanding into New Markets
With the latest funding round, Zetwerk plans to expand its operations into new markets, including Southeast Asia, Europe, and the United States. The company also plans to invest in technology and talent to enhance its platform’s capabilities and improve customer experience.
Zetwerk’s expansion into new markets is a significant move for the company, as it seeks to tap into the growing demand for B2B marketplaces worldwide. According to a report by Grand View Research, the global B2B e-commerce market is expected to reach $20.9 trillion by 2027, driven by the increasing adoption of digital technologies and the rise of SMEs.
Transforming the Manufacturing Industry
Zetwerk’s platform is transforming the manufacturing industry by enabling SMEs to access high-quality products at competitive prices. The company’s platform also provides manufacturers with access to a larger customer base, helping them to increase their revenue and expand their operations.
Zetwerk’s platform is built on a proprietary technology stack that enables seamless collaboration between manufacturers and SMEs. The platform’s AI-powered algorithms match SMEs with the right manufacturers based on their requirements, ensuring that they receive high-quality products at competitive prices.
Improving Supply Chain Efficiency
Zetwerk’s platform is also improving supply chain efficiency by providing end-to-end project management services. The company’s platform enables manufacturers to manage their projects from design to delivery, ensuring that they meet their customers’ requirements and deadlines.
Zetwerk’s platform also provides real-time visibility into the supply chain, enabling manufacturers to track their orders and shipments in real-time. This helps them to identify and address any issues that may arise during the manufacturing process, ensuring that they deliver high-quality products on time.
Enhancing Customer Experience
Zetwerk’s platform is enhancing customer experience by providing a seamless and transparent procurement process. The company’s platform enables SMEs to source high-quality products at competitive prices, while also providing manufacturers with access to a larger customer base.
Zetwerk’s platform also provides end-to-end project management services, ensuring that manufacturers meet their customers’ requirements and deadlines. This helps to build trust and loyalty between manufacturers and their customers, enhancing customer experience and driving repeat business.
Conclusion
Zetwerk’s latest funding round is a significant milestone for the company, as it seeks to expand into new markets and enhance its platform’s capabilities. The company’s platform is transforming the manufacturing industry by enabling SMEs to access high-quality products at competitive prices, while also improving supply chain efficiency and enhancing customer experience. With the global B2B e-commerce market expected to reach $20.9 trillion by 2027, Zetwerk is well-positioned to capitalize on this growing market and drive further growth in the years ahead.
