We study a correspondence between 3d $$ \mathcal{N} $$
N
= 2 topologically twisted Chern-Simons-matter theories on S1× Σg and quantum K -theory of Grassmannians. Our starting point is a Frobenius algebra depending on a parameter β associated with an algebraic Bethe ansatz introduced by Gorbounov-Korff. They showed that the Frobenius algebra with β = −1 is isomorphic to the (equivariant) small quantum K -ring of the Grassmannian, and the Frobenius algebra with β = 0 is isomorphic to the equivariant small quantum cohomology of the Grassmannian. We apply supersymmetric localization formulas to the correlation functions of supersymmetric Wilson loops in the Chern-Simons-matter theory and show that the algebra of Wilson loops is isomorphic to the Frobenius algebra with β = −1. This allows us to identify the algebra of Wilson loops with the quantum K - ring of the Grassmannian. We also show that correlation functions of Wilson loops on S1× Σg satisfy the axiom of 2d TQFT. For β = 0, we show the correspondence between an A-twisted GLSM, the Frobenius algebra for β = 0, and the quantum cohomology of the Grassmannian. We also discuss deformations of Verlinde algebras, omega-deformations, and the K -theoretic I -functions of Grassmannians with level structures.