Business-to-business (B2B) manufacturing platform Zetwerk has raised $120 million ( ₹880 crores) in a Series D round led by US-based Greenoaks Capital and Lightspeed Venture Partners. Sequoia Capital India and Kae Capital also participated in the round.
The fundraising will allow Zetwerk to strengthen its technology and continue expansion into new categories and regions. Zetwerk, founded two years ago by IIT alumni Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma, and Vishal Chaudhary, said the platform is being increasingly adopted globally, growing threefold in 2020 compared to 2019 despite the impact of the pandemic.
The Series D round follows the startup’s fundraising of $21 million in a Series C round in July 2020, bringing the total equity capital raised by the company to $193 million.
“We are proud to partner with the world’s most innovative companies to catalyze their digital transformation in manufacturing,” said Amrit Acharya, co-founder, and CEO.