Fabrication Bazar secures over Rs 7 Cr in a seed funding round led by Inflection Point Ventures
- ByStartupStory | August 5, 2022
Fabrication Bazar, a manufacturing and engineering startup, has raised over Rs 7 crore in a seed round of funding led by Inflection Point Ventures. The funds will be used to grow the company’s personnel, improve technology, and increase exports.
According to the firm, it adheres to the most recent German standards for product development, research, and manufacturing. It provides alternate American & Indian benchmarks based on end-user needs, locales, and applications. It has over 300 clients in both domestic and foreign markets.
“With their revolutionary technology, Fabrication Bazar is aiming to organize the industry and reduce client post-covid hurdles in terms of cost & delivery.” “With a guaranteed order booking of Rs 130 crore for FY 23, this innovative platform, which strives to serve end users and simplify the industry in every aspect, has already increased 165 percent in FY 22,” commented Ankur Mittal, co-founder of Inflection Point Ventures.
“By increasing demand from huge, process-driven corporations, we are supporting micro & small steel fabricators.” The voyage is difficult and chaotic. “In IPV, we discovered not just an early investor, but also a partner and a mentor to help us navigate the vital route,” stated Dutta, CEO of Fabrication Bazar.
About Fabrication Bazar
Fabrication Bazar, launched in 2016 by Dwaipayan Dutta (co-founder & CEO) and Mohit Garg (co-founder), has created a cloud fabrication and production tracking platform. The startup deals with the manufacturing of prefabricated steel products.
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