Physis Capital led the $3 million pre-Series A round of funding for Ben & Gaws Private Limited, the company behind Fabrication Bazar, a manufacturing tech startup. Along with Inflection Point Ventures, an existing investor, Japan-based Venture Capital ICMG also participated in the round.
The money raised, which includes some debt, will be used to expand the company’s geographic reach beyond India, particularly in the GCC and Southeast Asian markets, hire more leaders, and improve the tech platform to support the company’s expanding operations.
Dwaipayan Dutta founded Fabrication Bazar, an asset-light, tech-enabled manufacturing platform for industrial steel products that serves more than 400 customers in various industries.
By dividing products into multiple parts and processing them concurrently, the brand, using its unique manufacturing tech-driven process, collaborates with nearly 330 fabrication vendors throughout India to increase production efficiency and shorten delivery times.
In the past year, Fabrication Bazar asserts that its operations—including its vendor network and clientele in India—have expanded. In order to meet demand from the Southeast Asian region, it is building a vendor base in Vietnam and has been accepted as a qualified vendor by some of the biggest companies in the Gulf Cooperation Council.
