Zetwerk, a B2B marketplace for custom manufacturing, is likely to raise $35 million (approx INR 248 crore) as part of its series C equity financing round, as the company is reportedly in talks to raise funds, reported by Mint, citing various sources.
“The Series B round will also see participation from its existing VC investors, Sequoia Capital, Accel Partners and Kae Capital,” one of the people cited above said.
As per its LinkedIn official account, the company also connect companies to mid-to-large OEMs (original equipment manufacturers) and engineering, procurement and construction firms in India and South-East Asia.
In total, the company has a delivery capacity of over 15,000 tonnes per month across India.
Primarily, Zetwerk works with clients in the oil and gas, power, renewable energy and infrastructure businesses.