Business

Fabrication Bazar Secures $3 Million in Pre-Series A Round

Aug 23, 2024 1 min read

Jump to Summary

Manufacturing tech startup Fabrication Bazar, operated by Ben & Gaws Private Limited, has secured $3 million in a pre-Series A funding round. The round was led by Physis Capital with participation from Japan-based venture capital ICMG and existing investor Inflection Point Ventures. The funds will be used to enhance the company's tech platform, expand its geographic presence in the Gulf Cooperation Council (GCC) and Southeast Asia (SEA) regions, and strengthen its leadership team.

Founded in 2016 by Dwaipayan Dutta, Fabrication Bazar connects clients with a network of over 330 vendors across India and Vietnam to provide high-quality fabricated steel products. The company aims to digitize its supply chain and optimize the unused capacity of more than 1.5 million micro, small, and medium-sized enterprise (MSME) fabrication vendors in India. By splitting products into multiple parts and processing them simultaneously, the company aims to improve production efficiency, reduce delivery times, and maintain global quality standards.

#startups #series-a #venture-capital #tech

Summary

Other news in business

Draghi Calls for €800bn EU Investment to Compete Globally

Draghi Calls for €800bn EU Investment to Compete Globally

The European Union (EU) requires a more coordinated industrial policy, rapid decision-making, and significant investment to remain competitive with the United States and China, according to a report by former European Central Bank chief and Italian Prime Minister, Mario Draghi. The report, commissioned by the European Commission, calls for an

Lilly Promotes Lucas Montarce to EVP and CFO

Lilly Promotes Lucas Montarce to EVP and CFO

Eli Lilly and Company (Lilly) has appointed Lucas Montarce as its new executive vice president and chief financial officer (CFO), effective immediately. Montarce, who joined Lilly in 2001, has held various finance leadership roles, including group vice president, corporate controller, and global CFO of Lilly Research Laboratories, Lilly International, and

Methanex Acquires OCI's Methanol Business for $2.05 Billion

Methanex Acquires OCI's Methanol Business for $2.05 Billion

OCI Global has entered into a binding equity purchase agreement to sell its Global Methanol Business to Methanex Corporation for $2.05 billion. The transaction will be settled through a combination of $1.15 billion in cash, the issuance of 9.9 million shares of Methanex valued at approximately $450

James Gandolfini Dared HBO Exec to Fire Him During 'Sopranos' Intervention

James Gandolfini Dared HBO Exec to Fire Him During 'Sopranos' Intervention

Former HBO CEO Chris Albrecht has disclosed that James Gandolfini once challenged him to "fire" him from "The Sopranos" after an intervention was staged to persuade the actor to enter rehab for his alcohol struggles. The revelation is part of the new documentary, "Wise Guy: