Fabrication Bazar Raises $3 Mn in Pre-Series A Round
Ben & Gaws Private Limited, the company behind the manufacturing tech startup Fabrication Bazar, has successfully raised $3 million in its pre-Series A funding round. The round was led by Physis Capital and saw participation from Japan-based venture capital firm ICMG, as well as existing investor Inflection Point Ventures.
The funding, which includes a portion of debt, will be utilized to enhance Fabrication Bazar's technology platform, support the company's growing scale, and expand its geographic presence beyond India to the GCC and Southeast Asia markets. Additionally, the funds will be allocated towards strengthening the leadership team.
Founded by Dwaipayan Dutta, Fabrication Bazar is an asset-light, tech-enabled platform specializing in industrial steel products. The company caters to over 400 clients across various sectors and operates with nearly 330 fabrication vendors throughout India. By employing a proprietary tech-driven process, Fabrication Bazar improves production efficiency and reduces delivery times by splitting products into multiple parts and processing them simultaneously.
Over the past year, Fabrication Bazar has seen significant growth in its operations, expanding its vendor network and client base in India. The company has also been onboarded as a qualified vendor by some of the largest companies in the GCC and is working to establish a vendor base in Vietnam to meet the demand from the Southeast Asian region.
Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.
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