Fabrication Bazar, a manufacturing and engineering company, has raised over Rs 7 crore in a funding round led by Inflection Point Ventures.
The company will use the funds to expand its team, improve technology and increase exports. Fabrication Bazar, which was founded in 2016 by Dwaipayan Dutta (co-founder and CEO) and Mohit Garg (co-founder), has developed a cloud-based manufacturing and tracking platform for manufacturing.
The company said it follows the latest German standards in product design, development and manufacturing. It offers alternative US and Indian standards based on end user requirements, locations and applications. It has more than 300 customers in national and international markets
“Fabrication Bazar is working to make the industry organized and reduce customer hurdles after covid in terms of cost and delivery through its innovative technology. This unique platform, which aims to serve end customers and streamline the industry in any way, has already grown by 165% in FY22 with a confirmed order booking of Rs 130 crore for FY23,” said Inflection Co-Founder Ankur Mittal. ventures.
“We are empowering micro and small steel fabricators by stimulating demand from large process-oriented companies. The journey is difficult and turbulent. In IPV, we have found not only an early investor, but also a partner and guide to clarify the critical path,” said Dutta, CEO of Fabrication Bazar.