Bangalorebased zetwerk b2b 120m series greenoaks
Bangalorebased zetwerk b2b 120m series greenoaks, a Bangalore-based B2B marketplace for manufacturing products, has raised $120 million in a Series D funding round led by Greenoaks Capital. The funding round also saw participation from existing investors Sequoia Capital, Lightspeed Venture Partners, and Kae Capital. Zetwerk was founded in 2018 and has since then become a leading platform for businesses to procure custom-made products from a network of verified suppliers. The company’s platform enables businesses to streamline their procurement process, reduce costs, and improve the quality of their products. Zetwerk has over 1,500 suppliers on its platform and serves clients across various industries, including construction, energy, and FMCG.
Expanding its Footprint and Enhancing Capabilities
The latest funding round will also help Zetwerk expand its footprint in India and globally. The company plans to use the funds to enhance its technology capabilities, build new products, and expand its team. Zetwerk also plans to invest in its supply chain infrastructure and increase its supplier base. The company has seen tremendous growth in the past year, with its revenue increasing by over 3x. The COVID-19 pandemic has accelerated the adoption of digital procurement solutions, and Zetwerk has been able to capitalize on this trend. The company’s platform has helped businesses overcome supply chain disruptions caused by the pandemic and has enabled them to continue their operations smoothly.
Conclusion
Bangalorebased zetwerk b2b 120m series greenoaks latest funding round is also testament to the company’s growth potential and the value it brings to businesses. The company’s platform has disrupted the traditional procurement process and has helped businesses save time and money. With the new funds, Zetwerk well-positioned to expand its reach and enhance its capabilities, further cementing its position as a leading B2B marketplace for manufacturing products.
