Zetwerk Manufacturing Businesses Pvt. Ltd, a manufacturing services marketplace that provides global end-to-end manufacturing supply chain solutions, announced that it has raised $21 million Series C funding led by Greenoaks Capital, according to a TechCrunch report.
Other investors that took part in the funding round include existing backers Accel, Kae Capital, Lightspeed and Sequoia Capital India. Till now, the company has raised $62 million in funding.
The startup will utilise the fund infusion to scale its operations in India as well as help local businesses find overseas customers.
Founded in 2018 by Amrit Acharya and Srinath Ramakkrushnan, Zetwerk connects mid-to-large original equipment manufacturers from India and Southeast Asia who need custom products and machine parts with firms that can satisfy the demand.
Its clients function in infrastructure segments such as fabrication, machining, casting, and forging. “We index these small workshops and understand the kinds of products they have built before,” Acharya said, per the TechCrunch report. “These indexes help bigger companies discover and work with them.”
Recently, the company raised $2.24 million from InnoVen Capital. Prior to that, it had raised $32 million in its Series B funding round from investors including Lightspeed Venture Partners and Greenoaks Capital.
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