Fabrication Bazar, an engineering company for manufacturing sectors, has raised over Rs 7 crore in a seed round led by Inflection Point Ventures.
According to Fabrication Bazar, the fresh funds will be utilised towards expanding the team, technology enhancement, and scaling the operations to the export market.
Founded by Dwaipayan Dutta and Mohit Garg in 2016, Fabrication Bazar deals with the manufacturing of prefabricated steel products. The company specialises in designing and installing techniques for the project. Notably, Fabrication Bazar took a pivot from asset-heavy to asset-lite model post covid.
Fabrication Bazar claims to follow German standards for product design, development & manufacture, but also offers alternative American and Indian standards based on end-user requirements, locations, and applications.
Fabrication Bazar added that it has supplied to over 300 customers, including blue-chips and conglomerates, in domestic and international markets. As per the company, it has grown 165% in FY22 with confirmed order booking of Rs 130 crore for FY23.