Sequoia-backed B2B marketplace Zetwerk in talks to raise $35m

Precision engineering machinery.

Zetwerk, a business-to-business marketplace for custom manufacturing, is in talks to raise $35 million as part of its series B equity financing round, led by venture capital firms Lightspeed Venture Partners and Greenoaks Capital, said two people close to the deal, requesting anonymity.

Founded in 2018 by Indian Institute of Technology (IIT), Madras alumni Amrit Acharya and Srinath Ramakkrushnan, the firm procures manufacturing services such as fabrication, machining, casting and forging from small and medium companies and connects them to mid-to-large OEMs (original equipment manufacturers) and engineering, procurement and construction firms in India and South-East Asia.

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