Zetwerk, an Indian startup that is helping global companies translate their digital designs into physical products through flexible manufacturing by small firms has raised $120 million in a Series D round led by US-based Greenoaks Capital and Lightspeed Venture Partners. The funding round also witnessed the participation of Sequoia Capital India and Kae Capital. The total equity capital raised by the company now stands at $193 million.
Founded in 2018 by IIT alumni Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk is modernizing the manufacturing industry using proprietary technology and project management techniques that enable growth and higher utilization for small manufacturers, and ensures efficiency for global customers.
“Zetwerk accelerates this digital transformation with state-of-the-art productivity tools and remote project management. 2021 will see further pace of growth as companies seek to diversify their procurement to minimize disruptions and become more agile and resilient,” said Acharya, Co-founder & CEO, Zetwerk.
Till date, Zetwerk has forged partnerships in three key segments: precision parts, capital goods and consumer goods, serving product categories including prefabricated structures for infrastructure projects, sheet metal parts for electric vehicles, precision parts for aerospace, assembly lines for consumer durables, according to a report by Business Standard. The company’s global network includes over 250 customers and more than 2,000 suppliers spread across 15 countries in North America, Asia-Pacific and West Asia.
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