Fabrication Bazar Secures $3 Million in Pre-Series A Funding
Fabrication Bazar, a technology-enabled manufacturing startup owned by Ben & Gaws Private Limited, has successfully raised $3 million in its pre-Series A funding round. The round was led by Physis Capital, a Japanese venture capital firm, with participation from ICMG, another Japan-based VC, and existing investor Inflection Point Ventures.
The funds raised will be utilized by Fabrication Bazar to enhance its technological platform, expand its geographical presence to regions outside of India, particularly in the GCC (Gulf Cooperation Council) and SE Asia markets, and to bolster its leadership team.
Founded by Dwaipayan Dutta, Fabrication Bazar is an asset-light tech-enabled manufacturing platform that caters to over 400 clients across various sectors. The company’s proprietary manufacturing technology-driven process enables it to work with nearly 330 fabrication vendors across India, improving production efficiency and reducing delivery times by breaking down products into multiple parts and processing them simultaneously.
In the past 12 months, Fabrication Bazar has grown its operations, including its vendor network and client base in India. It has also been onboarded as a qualified vendor by some of the largest companies in the GCC region and is establishing a vendor base in Vietnam to cater to growing demand in the SEA (Southeast Asia) region.
With this significant funding, Fabrication Bazar is poised to further solidify its position in the manufacturing technology space and expand its reach to new markets.
