Fabrication Bazar, a manufacturing and engineering startup has raised Rs 7 crore (around $880,000) in its seed funding round from Inflection Point Ventures.
The startup plans to use the funds to expand the team, enhance technology and scale operations in the export market.
The New Delhi-based Fabrication Bazar was founded in 2016 by Dwaipayan Dutta and Mohit Garg, It has developed and incorporated a cloud creation concept and end-to-end tracking platform using its own unique technology platform.
The startup follows an asset-light model and plans to expand into the global market with a similar supply chain.
“We are empowering micro and small steel fabricators by driving the demand from large, process-driven corporates. In IPV, we found not only an early investor but a partner and a guide to bring more clarity towards the critical path,” said, Dwaipayan Dutta, founder and chief executive officer, Fabrication Bazar.
The startup has over 300 clients in domestic and international markets.
The startup claimed a growth of 165% in FY 2022 and confirmed bookings of Rs 130 crore for FY23.
“Fabrication Bazar is working to make the sector organized and cutting down on the customer’s obstacles post covid in terms of cost and delivery. This unique platform, which aims to serve end customers and streamline the sector in every possible way, has already grown 165% in FY22 with a confirmed order booking 0f Rs 130 crore for FY 23,” said, Ankur Mittal, co-founder of Inflection Point Ventures.
About Fabrication Bazar
BEN & GAWS PVT. LTD has grown to become one of the most preferred privately-owned engineering company for manufacturing sector by developing and utilizing cloud fabrication concept and end to end tracking of complete project with the help of its their unique technological platform that not only helps customers to place order easily with better cost and faster delivery and multi-layer quality inspection.
Their vetted vendor network has delivered projects worldwide with exceptional delivery timelines and impeccable quality standard with cost benefits. Headquartered in New Delhi, India, BEN & GAWS follows the latest German standard for designing, product development, and manufacturing, as an alternative, it also offers the latest American and Indian standards depending on end-user’s requirement, location, and nature of the application.