Fabrication Bazar raised $3 million (INR 25 crore) in a Pre-Series A round led by Physis Capital, with participation from Japan-based ICMG and Inflection Point Ventures.
The funds will be used to enhance their tech platform, expand into GCC and Southeast Asian markets, and strengthen leadership roles.
The funding round validates Fabrication Bazar's asset-light approach to addressing challenges in India's steel fabrication industry, emphasizing efficiency, cost-effectiveness, and quality standards.
Manufacturing tech startup Fabrication Bazar has secured $3 Mn (INR 25 Cr) in a Pre-Series A funding round led by Physis Capital, along with participation from Japan-based venture capital ICMG and existing investor Inflection Point Ventures.
The company plans to use the fresh funds to boost its tech platform, expand to GCC and Southeast Asian markets and strengthen its leadership roles.
“The round is a continued validation of our business model and approach to solving the challenges faced by the steel fabrication industry in India through an asset-light strategy,” said Fabrication Bazar’s cofounder and CEO Dwaipayan Dutta.
Ankur Mittal, partner at Physis Capital, said, “Fabrication Bazar stands at the forefront of this revolution, reshaping how the industry fulfills its steel fabrication needs. By seamlessly integrating advanced tech with a rigorously vetted global network of fabricators, they’re not just meeting demand—they’re redefining efficiency, cost-effectiveness, and quality standards.”
Founded in 2016 by Dutta and Mohit Garg, Fabrication Bazar operates as an asset-light tech-enabled manufacturing platform for industrial steel products.
The startup claims to have expanded its vendor network to over 330 fabrication vendors across India and has been onboarded as a qualified vendor by some of the largest companies in GCC.
In August 2022, Fabrication Bazar reportedly raised over INR 7 Cr in its seed funding round led by Inflection Point Ventures.
The company competes against established players like Everest Industries Limited, Satec Envir Engineering, and E-PACK Polymers Pvt. Ltd in the pre-fabricated steel structures sector.
