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Fabrication Bazar raises $3 Mn in pre-Series A

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Ben & Gaws Private Limited, which runs the manufacturing tech startup Fabrication Bazar, has raised $3 million in its pre-Series A round led by Physis Capital. The round also saw participation from Japan based Venture Capital ICMG and existing investor Inflection Point Ventures. The proceeds, which includes part debt, will be used for further enhancing the tech platform to support the growing scale of the firm, ramping up geographic presence to regions outside India especially GCC and SE Asia markets, and for leadership team hiring. Founded by Dwaipayan Dutta, Fabrication Bazar is an asset-light tech enabled manufacturing platform for industrial steel products catering to over 400 clients across sectors. With its proprietary manufacturing tech driven process, the brand works with nearly 330 fabrication vendors across India to improve production efficiency and reduce delivery time by splitting products into multiple parts and processing them simultaneously. Fabrication Bazar claims to have grown across its operations in the last 12 months including the vendor network and client base in India. It has also been onboarded as a qualified vendor by some of the largest companies in GCC, and is establishing a vendor base in Vietnam to cater demand from the SEA region.