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Zetwerk raises USD 32 Mn in Series B

Dec 11, 2019 by The Passage Team
Zetwerk raises USD 32 Mn in Series B

Zetwerk, a platform for customised products for industrial use, has raised USD 32 million in series B funding from venture capital firms Lightspeed and Greenoaks Capital to fuel its expansion plans.

The funding round also saw participation from Zetwerk’s existing investors Sequoia India, Accel and Kae Capital. Besides the institutional investors, Udaan cofounder Vaibhav Gupta and Oyo chief strategy officer Maninder Gulati participated in their personal capacities.

“We are investing heavily in building the entire platform in a robust and scalable manner. We have just started building a full-stack offering and will need funds to go beyond discovery and acting as a marketplace, but also venture into financing, logistics, helping suppliers in purchasing materials and others,” said Amrit Acharya, chief executive officer of Zetwerk

Source: Economic Times

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