B2B Marketplace Zetwerk raises $210 million in a round led by Green Oaks Capital
- ByTejika Bajaj | December 29, 2021
B2B marketplace Zetwerk has recently announced that it has raised a sum of $210 million in a new funding round. The funding round was led by Green Oaks Capital and observed keen participation from investors including D1 Capital, IIFL, ICONIQ and Steadview Capital.
Zetwerk is an India-based manufacturing services platform, connecting manufacturers with vendors and suppliers for customized products and industrial machine components, among other things. On the supply side, the company works with manufacturing businesses, and it also works on the demand side with both mid-sized and large companies in various industries. Zetwerk also works with warehousing and supply chain solutions.
The reports and official statements of the company reveal that Zetwerk could also raise debt funding as part of the round, which is ongoing.
Zetwerk has previously raised $150 million in funding from a number of companies, including D1 Capital Partners, IIFL, Avenir, Ritesh Aggarwal, Kunal Shah, Cem Garih and others. In June, the company also raised $30 million, and had raised $21 million prior to that.
The company officials have cited that the recently infused capital is likely to be utilized by the manufacturing startup to bolster its tech facilities as well as expand the global reach of the startup.
Prior to 2021, the company was dealing with the pandemic, and while other B2B companies had seen fewer contributions, Zetwerk was able to raise $21 million. Those funds went toward scaling operations and helping other Indian companies connect with partners.
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