Bangalorebased Zetwerk is a B2B-focused supply chain and manufacturing platform that helps potential customers streamline their purchase and manufacturing processes. Recently, Zetwerk raised a whopping $120 million in a Series C funding round led by the private equity firm, Greenoaks Capital. This investment was well received in the industry, as it propelled Zetwerk to become the fastest tech startup in India to reach a valuation of $1 billion. The success stories of Zetwerk highlights the importance of digitalization in the current business environment.
About Zetwerk
Established in 2018, Zetwerk is a technology platform that assists manufacturing businesses in streamlining their processes. It connects businesses with potential vendors, who can provide manufacturer services and raw materials. Zetwerk prides itself in providing its customers with access to real-time data insights, supply chain transparency, and quality assurance capabilities. It helps businesses to better manage their inventory, maintain control over purchasing expenditures, reduce wastage costs, and develop new products at a faster pace.
Greenoaks Capital Funding
In July 2020, Zetwerk announced that it had secured a Series C funding round. Led by the private equity firm, Greenoaks Capital, the round included investments from Aetius Capital and Falcon Edge Capital, among others. With this investment, Zetwerk’s total funding raised to date stands at $190 million.
The Series C funding will be used for accelerating Zetwerk’s R&D roadmap, expanding the engineering and product teams, forming strategic partnerships, and increasing its geographical footprint in both domestic and international markets.
Greenoaks Capital and Zetwerk Partnership
Greenoaks Capital is an investment company that focuses on making long-term investments in technology, media, and telecommunications companies around the world. As part of the Series C funding agreement, Ron Shah, a partner at Greenoaks Capital, has joined the board of directors at Zetwerk.
Ron Shah commented on the recent developments and stated that “We are delighted to welcome Greenoaks Capital as our partner in this journey. From the first meeting, we have seen great synergy. We believe that their deep relationships, experience and knowledge of the markets, combined with Zetwerk’s India-first approach to creating digital supply chain solutions, will accelerate our vision.”
Impact of the Funding
The Series C funding is a huge milestone for Zetwerk and will help the company to continue its mission of making the supply chain and manufacturing processes more efficient, transparent, and cost-effective. Moreover, the additional capital has pushed Zetwerk closer to becoming a unicorn, achieving a milestone of $1 billion market valuation.
The raise indicates that the investors are now confident with the company’s ability to disrupt the manufacturing sector in India. The investors expect that Zetwerk’s B2B platform would bring in valuable data and insights that could be used by the company to expand its market footprint and monetize the data.
Impact on Other Platforms
The success story of Zetwerk has already had a ripple effect in the industry, with other B2B platforms taking notice. Other platforms such as YITH, LeagueX, and eVas have already raised their functions tech teams and are currently pursuing development strategies similar to Zetwerk. Furthermore, these other companies are likely to raise funds in the coming months, as the demand for manufacturing-focused digital solutions increase.
Emerging Automation Trends
The funding also signifies a major shift in the manufacturing sector towards automation and digital transformation. The manufacturing startups are successfully utilizing rising automation trends to increase efficiency and reduce costs in the sector. As the demand for automation increases, more B2B-focused supply chain platforms could be established and funded as a result.
Conclusion
Overall, the Series C funding raised by Zetwerk is a testament to the importance of digitalization in the current business environment. The investment indicates that platforms, that focus on helping streamline procurement and manufacturing processes, are now highly sought-after in the market. It also highlights the fact that automation is becoming more and more important in the manufacturing sector. With its latest funding, Zetwerk is well-positioned to benefit from the rise of automation and digital transformation and become a leader in the industry.
Related FAQs
Q: Who led the $120 million Series C funding for Zetwerk?
A: The private equity firm, Greenoaks Capital, led the $120 million Series C funding for Zetwerk.
Q: What will the Series C funding be used for?
A: The Series C funding will be used for accelerating Zetwerk’s R&D roadmap, expanding the engineering and product teams, forming strategic partnerships, and increasing its geographical footprint in both domestic and international markets.
Q: What is Zetwerk’s total funding raised to date?
A: Zetwerk’s total funding raised to date stands at $190 million.
Q: About bangalorebased zetwerk b2b series greenoaks capital.
A: Bangalorebased Zetwerk is a B2B-focused supply chain and manufacturing platform that recently raised a whopping $120 million in a Series C funding round led by thebangalorebased zetwerk b2b 120m greenoaks capital private equity firm, Greenoaks Capital. This investment was well received in the industry, as it propelled Zetwerk to become the fastest tech startup in India to reach a valuation of $1 billion.
Q: WHat is bangalorebased zetwerk b2b 120m greenoaks capital?
A: Bangalorebased Zetwerk is a B2B-focused supply chain and manufacturing platform that recently raised a whopping $120 million in a Series C funding round led by the private equity firm, Greenoaks Capital.
Q: About bangalorebased zetwerk b2b 120m series greenoaks.
A: Bangalorebased Zetwerk is a B2B-focused supply chain and manufacturing platform that helps potential customers streamline their purchase and manufacturing processes. Recently, Zetwerk raised a whopping $120 million in a Series C funding round led by the private equity firm, Greenoaks Capital. This investment was well received in the industry, as it propelled Zetwerk to become the fastest tech startup in India to reach a valuation of $1 billion. The success stories of Zetwerk highlights the importance of digitalization in the current business environment.