Zetwerk, a Bengaluru, India-based B2B marketplace that connects buyers and suppliers for manufacturing jobs today announced that it has raised INR 156.4 crore (around $20 million) in a Series C funding round led by Greenoaks Capital and Accel Partners – both existing investors of Zetwerk. Other investors who participated in the funding round include Kalysta Capital Fund (Mauritius), other existing backers including Kae Capital, Sequoia Capital, and Lightspeed Partners. Angel investors Subsiah Vellayan and A. Venkatachalam also participated in the Series C funding round for Zetwerk.
Founded in 2018 by Amrit Acharya, Rahul Sharma, Srinath Ramakkrushnan, and Vishal Chaudhary, Zetwerk partners with offline suppliers of fabrication, casting, machining, forging and galvanising.
The Bengaluru-based startup is present across 15 countries and claims to serve over 1500 SMEs and 100 enterprise customers across 25 industries in India, North America, Middle East and South-East Asia.
Commenting on the development, Ashish Sharma, CEO of InnoVen Capital India in a statement said,
“This is a large addressable market, with tremendous potential to organize the space and provide more efficient solutions to OEMs & EPCs for custom engineering jobs.”