Private Equity

Private Equity Fund Investments

B2B marketplace for manufacturing Zetwerk raises $120-M led by D1 Capital; turns unicorn

Entrackr  

Zetwerk, a business-to-business (B2B) marketplace for custom manufacturing, has raised close to INR 900 crore (USD 120 million) in its Series E round in which D1 Capital Partners has invested USD 50 million followed by Green Oaks and Lightspeed which put in USD 32 million and USD 22.5 million respectively. Avenir, Sequoia Capital, Accel and angel investors such as Kunal Shah and Ritesh Aggarwal have brought in the rest. The company is reported to be raising the funds USD 1 billion valuation. This is the second fundraise for the company in 2021 including a USD 120 million Series D round in February. It raised the last round at over USD 600 million valuation. Founded by Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, three-year-old Zetwerk connects buyers and suppliers for manufacturing jobs. The company partners with offline suppliers who are engaged in the fabrication, machining, casting, forging, and galvanizing of machine parts. Operational in over 15 countries, it claims to serve over 100 customers across more than 25 industries in India, North America, Middle-East and South-East Asia.