Fabrication Bazar, a New Delhi, India-based provider of an asset-light tech enabled manufacturing platform, raised $3M in Pre-Seed funding.
The round was led by Physis Capital, with participation from Japan based Venture Capital ICMG and existing investor Inflection Point Ventures.
The company intends to use the funds to ramp up geographic presence to regions outside India especially GCC and SE Asia markets, and for leadership team hiring.
Founded by Dwaipayan Dutta (CEO) and Ankur Gupta (CTO), Fabrication Bazar is an asset-light tech enabled manufacturing platform for industrial steel products catering to 400+ clients across sectors. It is also working to digitize its supply chain, providing a platform that centralizes overall management from procurement to quality control and logistics, thereby optimizing the highly unused capacity of 1.5 million+ MSME fabrication vendors in India. With its proprietary manufacturing tech driven process, it works with nearly 330+ fabrication vendors across India to improve production efficiency and reduce delivery time by splitting products into multiple parts and processing them simultaneously.
Fabrication Bazar has a 400+ client base consisting of large MNCs across diversified sectors such as EPC, Manufacturing, FMCG, Pharmaceutical, Energy, Petrochemicals, Oil & Gas, Ethanol, Food & Beverage, Packaging, Metals, Manufacturing and more.
FinSMEs
23/08/2024