Zetwerk, a B2B manufacturing platform, has raised $120 million in a Series D funding round led by US-based Greenoaks Capital and Lightspeed Venture Partners.
Other investors that participated in the round include Sequoia Capital and Kae Capital. Post funding, the startup is valued at around $600 million, sources said.
Earlier, Zetwerk had raised $21 million from Accel, Kae Capital, Lightspeed and Sequoia India in Series C funding in July last year. In December 2019, it raised $32 million as part of its Series B round, which was co-led by Greenoaks Capital. Till date, the company has raised a combined $193 million in equity capital.
The funds will be used for business expansion across geographies and categories, it said.
The company will also look at “smaller M&A opportunities to grow inorganically and plug in business gaps on the technology and supply side,” said Amrit Acharya, co-founder and chief executive officer at Zetwerks.
Founded in 2018 by IIT alumni Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk helps small and medium enterprises translate their digital designs into physical products.
“Zetwerk’s operating system for manufacturing has digitised multiple supply chains end-to-end, ensuring on-time delivery and high-quality standards. This has led to rapid growth in India and internationally, with the potential to quickly become one of the most important manufacturing platforms globally,” said Neil Shah, Partner at Greenoaks Capital.
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