Zetwerk, a Bengaluru based B2B marketplace for manufacturing items, has raised $120 mn in Series D funding round led by Greenoaks Capital and Lightspeed Venture Partners. The new round valued the three-year-old start-up at somewhere between $600 -700 mn. It grew 3x and generated revenue of $43.9 mn in the last FY. It has 250 customers, operates across two dozen industries.
Live Online teaching platform Teachmint has raised $3.5 mn seed funding led by Lightspeed India. Better Capital and Titan Capital, both the existing investors, also participated in the round. Fresh funds will be utilised to build Teachmint’s product suite, add offerings, and increase reach among tutors. Teachmint, founded in May 2020, has over 120,000 tutors across 1,000+ cities and is available in 10 languages other than English.
Lightspeed India Partners announced that it has closed $275M from LPs for its third fund in India. This new fund is its biggest for the country and will enable the firm to make early-stage bets on more than two dozen start-ups in the region. The American venture firm made two high-profile partial exits in the past year from Oyo and BYJU’S. Till now, Lightspeed has invested $750M in India. The Indian arm typically invests in the early stages of the start-up.