Bangalore-based Zetwerk Raises $120M in Series D Funding
Zetwerk, a Bangalore-based B2B marketplace for manufacturing products, has recently secured $120 million in a Series D funding round. This successful fundraising effort is a clear indication of the growing demand for B2B marketplaces in India . Zetwerk’s innovative platform has disrupted the traditional procurement process, offering businesses a more efficient and cost-effective way to source and manufacture custom products .
The funding round was led by Greenoaks Capital and Lightspeed Venture Partners, with participation from existing investors Sequoia Capital and Kae Capital . The company plans to utilize the funds to expand its business globally and invest in technology to further enhance its platform . Since its establishment in 2018, Zetwerk has rapidly emerged as a leading player in the B2B marketplace sector .
Streamlining Procurement Processes
Zetwerk’s platform provides a comprehensive solution for businesses looking to streamline their procurement processes. By connecting buyers and suppliers on a single platform, Zetwerk eliminates the need for multiple intermediaries and simplifies the entire procurement journey . This not only saves time but also reduces costs for businesses, making it an attractive option for companies of all sizes.
One of the key advantages of Zetwerk’s platform is its ability to offer customized products. Through its network of verified suppliers, Zetwerk enables businesses to source and manufacture products tailored to their specific requirements . This customization feature sets Zetwerk apart from traditional procurement methods, where businesses often have to settle for off-the-shelf products that may not fully meet their needs.
With the latest funding infusion, Zetwerk aims to expand its operations beyond India and establish a global presence . The company recognizes the immense potential of the B2B marketplace model in other markets and plans to leverage its technology and expertise to tap into these opportunities. By entering new geographies, Zetwerk can further scale its business and cater to a wider range of customers.
Investing in Technology
Zetwerk understands the importance of technology in delivering a seamless user experience and driving operational efficiency. The company plans to allocate a significant portion of the funding towards technological advancements, including enhancing its platform’s capabilities and developing new features . By investing in technology, Zetwerk aims to stay ahead of the curve and continue providing innovative solutions to its customers.
Zetwerk’s successful Series D funding round of $120 million highlights the increasing demand for B2B marketplaces in India. The company’s platform has revolutionized the procurement process, offering businesses a more efficient and cost-effective way to source and manufacture custom products. With the backing of prominent investors, Zetwerk is well-positioned to expand its business globally and invest in technology to further enhance its platform. As Zetwerk continues to disrupt the B2B marketplace sector, it will likely play a significant role in shaping the future of procurement processes.