Manufacturing Services Platform Zetwerk Raises $9 Mn Series A Funding
The company had previously raised a $1.2 Mn seed fund in August, 2018. Accel Partners, Sequoia and Kae Capital participated in this round. Zetwerk connects mid-to-large OEM companies to manufacturing SMEs.
- Bengaluru-based manufacturing services platform Zetwerk has raised its Series A funding of $9 Mn from Accel Partners and Sequoia Capital India.
- Zetwerk is a marketplace for manufacturing requirements (such as casting, forging, fabrication etc.) of original equipment manufacturers (OEMs) and engineering procurement construction (EPM) companies (like Jindal, BGR energy, Embassy Group etc).
- The startup will utilise the new funds for its supply base expansion across India.
- On the supply side, Zetwerk works with manufacturing small and medium entreprises (SMEs) like Bharat Wires, RN fabricators, and GM Engineers across multiple categories (like fabrication, machining, casting, forging, etc) who can meet this demand.