Bangalore-based Zetwerk, founded in 2017, is a B2B marketplace that provides engineering and manufacturing services to companies across India. With the recent Series D funding led by Greenoaks Capital and Lightspeed, Zetwerk has raised more than $211 million in total funding to date. Through its platform, Zetwerk leverages its curated network of manufacturers and engineering shops and agreements with major suppliers to satisfy customer demand.
Zetwerk’s main areas of focus are metal and stainless steel parts, rubber components, aluminum components, castings and forgings, and printed electronics such as PCBs (printed circuit boards), flexible circuits, antennas for consumer electronics as well as industrial applications. The company serves over 2200 businesses in India including major banks such as ICICI Bank, companies like Tata Group or startups like Unacademy. In addition to being able to source materials from major suppliers around the world quickly and cost-effectively on its platform technology stack supports cloud-connected operations from end-to-end from supply chain visibility throughout digital process automation.
Zetwerk recently announced that it plans to expand its digital manufacturing capabilities by adding robotics production management software for CNC (Computer Numerical Control) machines so that producers can automate the entire manufacturing process. The company also plans to further power innovation with artificial intelligence technologies that enable personalized recommendations regarding parts prototyping capabilities based on specific customers requirements. All these features will help existing customers gain better efficiency while at the same time help acquire new customers through better customer service experiences.
Overview of the Series D funding round
Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, recently announced the successful close of its Series D funding round worth $120 million. The funding round was led by Greenoaks Capital and Lightspeed with participation from Chiratae Ventures (formerly IDG Ventures India), Endiya Partners, Kae Capital, Accel and January OC. This is also the company’s second fundraise in 2020 after a $35 million Series C that closed in June this year.
The funds are to be used for expanding into two new verticals – oil & gas and defense & aerospace supply chains. As part of its Series D funding round, the startup is also introducing strategic investors from those industries such as Himanshu Singhal, managing partner at Earth Capital investments; Max Munreich, chairman of Prebon Energy; and Jeroen Mesters, partner at Hedgeline & Co.
Founded by IIT Delhi alumni Aman Raj Singh Rajput and Rahul Sharma in 2016, Zetwerk operates a platform which connects thousands of manufacturers with customers who can buy finished goods directly through it. It serves categories such as heavy engineering equipment and infrastructure like construction sites alongside industrial equipment like industrial motors and valves. With the help of this huge fund raise Zetwerk looks to expand across all international markets and create more customer focused solutions for all their partners as well as clients.
Zetwerk’s Business Model
Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, recently raised $120M in a Series D funding round led by Greenoaks Capital and Lightspeed.
In this article, we will discuss Zetwerk’s business model and how their B2B marketplace works.
B2B Marketplace for Manufacturing Items
Bangalore-based Zetwerk, which operates a business-to-business (B2B) marketplace for the manufacture of parts and components, has raised $120 million in its Series D funding round. The round was led by Greenoaks Capital and Lightspeed Venture Partners, with existing investors Sequoia Capital India, Kae Capital and Sixth Sense Ventures amongst the participants.
Zetwerk operates a B2B marketplace where manufacturers can list their available items for purchase by businesses. The platform caters to businesses from all sectors, from steel manufacturing to auto parts and components, etc. By providing quick access to the necessary products, it helps expedite production cycles for all buyers. In addition to providing a marketplace for services such as cutting and fabrication items, Zetwerk also provides an on-demand production solution using computerized design technologies like CAD/CAM that helps reduce manual processes.
The focus of the company’s front-end marketing efforts is to build relationships with leading companies who can use the platform to grow their profits through faster deliveries and greater efficiency. Zetwerk’s back-end workflow management system ensures that manufacturers are paid promptly after completing their orders, resulting in better cash flow management for them. The platform also provides analytics tools that help buyers make informed decisions about potential purchases and track their performance over time as well as other important data about their market share or performance relative to their competitors.
Through its Series D funding round of $120 million it aims to expand its offerings across more industry verticals and global markets in order to ensure that it meets the needs of businesses that are under pressure from larger incumbents in different markets around the world. By leveraging technology tools such as AI/ML (Artificial Intelligence/Machine Learning) Zetwerk hopes to lead in providing an efficient selection process for its growing pool of customers located around the globe seeking manufacturing solutions through its flexible B2B marketplace platform.
Business Model and Growth Strategy
Bangalore-based Zetwerk is a technology-enabled manufacturing-as-a-service platform offering businesses easy access to a wide variety of industrial parts and components. Its business model comprises catering to the needs of manufacturers who want to rapidly source components for their products, as well as providing on-demand production solutions for companies looking to simplify their supply chain processes. It operates an online B2B marketplace that allows customers to find and order items from more than 5,000 vendors in India and overseas.
Zetwerk’s growth strategy involves accelerating its domestic manufacturing capabilities through technology adoption, building strategic alliances with global giants, strengthening strategic partnering with large enterprises and expanding into international markets. On the customer side, it is working on providing a seamless user experience across all channels like web and mobile apps to streamline its processes.
In addition to the abovementioned strategy, Zetwerk is focused on enhancing its supply chain logistics capabilities through leveraging analytics insights and economic segmentation optimizing process automation providing superior customer service supporting local threat with better proactive insight solutions. This has enabled it to become one of the leading B2B service providers in India with presence in over 15 countries including USA, UK and Thailand.
Recently, it raised $120 million Series D funding led by Greenoaks Capital and Lightspeed Ventures which will be used for investing in product capabilities and deepening operations in existing geographies as well as entering new ones. In 2020 alone, Zetwerk partnered with two leading North American aerospace companies GE Aviation (GEAVY) & Overhaul & Repair Group (OVRG) along with ten other global companies for supply chain operations across different industries including Automobile & Medical devices.
Impact of the Series D Funding
The Series D Funding raised by Bangalore based Zetwerk, which operates a B2B marketplace for manufacturing items is a major investment. It has enabled the company to expand its operations, increase its product offerings and reach out to more customers.
In this article, we will discuss the impact of this Series D Funding on Zetwerk’s operations and its future prospects.
Bangalore-Based Zetwerk, Which Operates A B2B Marketplace For Manufacturing Items, Raises $120M Series D Led By Greenoaks Capital And Lightspeed (Manish Singh/TechCrunch)
The $120 million Series D funding for Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, is a significant development as it allows the company to take advantage of much needed capital to further expand its operations. This investment also shows investors’ confidence in the potential of Zetwerk’s business model.
This funding will enable Zetwerk to pursue an aggressive growth strategy and reach more customers around the world. Additionally, this could help the company gain access to new markets and develop new products that cater to the needs of customers in various industries. With this influx of capital, Zetwerk can continue its innovation journey by creating cutting-edge products that are tailored to their customers’ specific needs and challenges. It will also let them build new relationships with existing enterprise customers who rely on their industrial purchase platform and services.
Moreover, this series D funding provides a much-needed boost in strategic collaborations and partnerships as well as investment in marketing activities across all regions where Zetwerk has presence or intends to expand into. This should give their brand visibility within key sectors like automotive & heavy engineering, hotel & hospitality etc., thus allowing them to penetrate deeper in these verticals and increase revenue from existing customer base. Additionally, more capital will be available for further investments in data analytics infrastructure which would allow automated decision making when it comes to financing options for SMEs across each segment of their business model deeply embedded into each different product offering.
Overall, this major cash infusion into Bangalore-based Zetwerk presents an opportunity for them to take advantage of additional growth opportunities and extend their impact beyond India into international markets with greater success than ever before.
Impact on Zetwerk’s Growth Strategy
Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, recently raised $120 million in a Series D funding round led by Greenoaks Capital and Lightspeed. This development marks the largest fundraising round ever by an Indian business-to-business (B2B) technology startup.
The new capital will have a far-reaching impact on Zetwerk’s growth strategy as well as its outreach to potential manufacturing partners. Following this Series D funding round, Zetwerk is now one of India’s most valuable private technology firms, along with fellow Indian startups Meesho and Inc42.
This additional capital provides the platform with added resources to expand its reach into more industries within India’s market and expanding its network of suppliers across the country. Primarily known for its work in connecting manufacturers to engineering companies and other industrial verticals such as aerospace and defense, Zetwerk plans to use this influx of cash to forge relationships with suppliers across verticals including apparel, home goods, building materials and even hospitality.
The new capital also broadens opportunities – from a platform standpoint – in helping automate transactions between buyers and sellers on the B2B space leveraging algorithms based on data points supplied from both sides of the aisle during the process of goods exchange using predictive analytics tools can construct enduring partnerships between buyers and sellers that work long term rather than on any single transaction alone.
From an operations perspective, there are plans for automation over manual tasks that make up most of order processing today—including parts procurement processes as well as data monitoring activities such as analytical product reports on buyer/seller behavior—are expected to be simplified further thanks to AI methods balanced with human intelligence involved in workflow management across extended partner spaces both within India as well global paths covered due upcoming expansion plans into international waters backed by this fundraise thrusting more confidence into company goals.
The $120 million Series D round raised by Bangalore-Based Zetwerk, which operates a B2B marketplace for manufacturing items, is indicative of the growing trend of investment in digital manufacturing.
With the support of Greenoaks Capital and Lightspeed, the company is set to expand its services to the global manufacturing market. This investment signals the emergence of digital manufacturing as a cornerstone of the manufacturing industry, and the expected growth of the B2B marketplace model.
In this article, we are going to take a look at the future outlook of the industry and the implications of this investment.
Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, is planning to use its recent $120M Series D funding round to build out its teams across engineering, product and sales. The company also plans to expand its global supplier base and develop new revenue streams. Additionally, it plans to focus on deploying technology to improve customer experience.
Zetwerk works directly with both sides of the market— quoting buyers in engineering and custom manufacturing, who look for cost optimization as well as reliable production quality. On the other hand it helps manufacturers to describe their expertise so they can engage with buyers in real-time bidding. It gives companies the flexibility of a wide or small variation of reduced quotes that meet quality assurance standards in terms of timely delivery schedule and price points most suited for the buyers’ requirements.
With this funding round concluded, Zetwerk has now raised total funding of $185M since its founding and is valued at about $800M in pre-money equity according to two sources familiar with the deal structure. Zetwerk will be using this fresh capital infusion from investors such as Greenoaks Capital and Lightspeed Venture Partners (LVP) India in expanding its focus areas from industrial hubs like Delhi NCR by establishing offices in key metros like Bengaluru, Mumbai and Hyderabad where the auto industry is concentrated; aiming at building upon existing relationships with electrical engineers following a many-fold rise in orders due to increased demand witnessed following COVID-19 shutdown coupled with higher rates on manufactured goods through bidding towards major platforms like Flipkart, LG Electronics India Pvt Ltd among others who are heavily dependent on vendors which have organized production chains through B2B markets like Zetwerk.
Bangalore-based Zetwerk, which operates a B2B marketplace for manufacturing items, recently raised $120 million in its Series D round, led by Greenoaks Capital and Lightspeed. This investment demonstrates the potential of this business model and highlights the growth prospects of Zetwerk.
The funds will be used to strengthen the platform’s technology capabilities, expand into new geographies and launch new items to manufacturers. In addition, it will help to bolster its team for research and development efforts as well as strengthen financial operations. With this funding, Zetwerk is well positioned to become one of the leading players in manufacturing marketplaces globally.
To meet its growth objectives, Zetwerk plans on investing heavily in sales and marketing activities as well as engineering teams in product development and optimization efforts. Additionally, they plan on setting up a network of warehouses through strategic partnerships so that products can be more quickly delivered around India. Through sustained investment over time in technology capabilities and geographic expansion initiatives, Zetwerk has increased its customer base substantially over just a few years’ time.
This latest round is a strong endorsement by investors of not only the current success that Zetwerk has achieved but also their vision for future growth goals involving greater technological reach and an expanded global presence. With this additional capital injection along with their innovative approach towards operating a B2B marketplace for industrial items, one can confidently say that we will hear much more from this organization in days to come.
tags = Bangalore-Based Zetwerk, Operates A B2B Marketplace, Manufacturing Items, Raises $120M, Greenoaks Capital And Lightspeed, zetwerk 120m series greenoaks lightspeedsinghtechcrunch, e-commerce