Zetwerk raises Rs 880 cr to scale up its operating system

Source : IANS 2021-02-03 21:27:35

Manufacturing platform Zetwerk has raised $120 million (nearly Rs 880 crore) in its Series D round led by US-based Greenoaks Capital and Lightspeed Venture Partners.

Sequoia Capital India and Kae Capital also participated in the round, Zetwerk said on Tuesday.

This Series D round comes after the company's $21 million Series C round in July 2020, bringing the total equity capital raised by the company to $193 million. "The global manufacturing industry has had to swiftly adjust to the new normal, and digital solutions have become essential. Zetwerk accelerates this digital transformation with state-of-the-art productivity tools and remote project management," Amrit Acharya, Co-founder & CEO, Zetwerk, said in a statement.

"2021 will see further pace of growth as companies seek to diversify their procurement to minimise disruptions and become more agile and resilient."