Zetwerk Raises $210M Toward B2B Marketplace Services

B2B marketplace Zetwerk has raised $210 million in a new funding round, according to a Tuesday (Dec. 28) report by Inc42.

Zetwerk is an India-based manufacturing services platform, connecting manufacturers with vendors and suppliers for customized products and industrial machine components, among other things.

On the supply side, the company works with manufacturing businesses, and it also works on the demand side with both mid-sized and large companies in various industries. Per the report, Zetwerk also works with warehousing and supply chain solutions.

The funding round was led by Green Oaks Capital, with other participants including D1 Capital, IIFL, ICONIQ and Steadview Capital. The report mentions that Zetwerk could also raise debt funding as part of the round, which is ongoing.

Related: B2B Marketplaces Attract New VC Funds

Zetwerk has previously raised $150 million in funding from a number of companies, including D1 Capital Partners, IIFL, Avenir, Ritesh Aggarwal, Kunal Shah, Cem Garih and others. In June, the company also raised $30 million, and had raised $21 million prior to that.

As Zetwerk has attained a value of over $1 billion, it was able to attain the rank of unicorn.

The report notes that Zetwerk is a part of the burgeoning Indian B2B marketplace sector, alongside other companies like Infra.Market, Moglix and OfBusiness. In addition, BharatPe was another company that became a unicorn — one of roughly 800 around the globe.

PYMNTS wrote about the $150 million August 2021 funding round, which was led by D1 Capital Partners and saw participation from Greenoaks Capital, Lightspeed Venture Partners, Sequoia and Accel.

Read more: B2B Digital Marketplace Zetwerk Nets $150M In Funding

The August round was going toward the expansion of Zetwerk’s global reach and boosting its tech.

Prior to 2021, the company was dealing with the pandemic, and while other B2B companies had seen less contributions, Zetwerk was able to raise $21 million. Those funds went toward scaling operations and helping other Indian companies connect with partners.