The Indian Wire » Startups » Accel Partners, Lightspeed Venture Partners, Sequoia Capital, others likely to infuse $35 million in B2B marketplace platform Zetwerk
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Accel Partners, Lightspeed Venture Partners, Sequoia Capital, others likely to infuse $35 million in B2B marketplace platform Zetwerk

With an aim to boost startups Odisha govt announces to set up INR 100 cr fund to provide seed funding

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 round in Zetwerk would be led by Ligthspeed Venture Partners and Greenoaks Capital, as per the 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.

Zetwerk was founded by Amrit Acharya and Srinath Ramakkrushnan in 2018. The company Zetwerk provides services such as fabrication, machining, casting and forging from small and medium companies.

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.

Besides Zetwerk, other similar working startups include BiizongoMoglixJumbotailPower2SMEShopKiranaJust Buy Live, Udaan, etc.

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