Wootz.work, a sourcing platform for custom engineering equipment and solutions, has raised around $3.5 million in a seed round led by Matrix Partners India and Nexus Venture Partners.
Entrackr exclusively reported the development on August 7.
The round saw participation from AdvantEdge and Mars Shot Ventures (Razorpay Founders’ Fund) along with 30 angel investors like Ramakant Sharma (Livspace), Sanjiv Rangrass (ex-ITC), Vikrampati Singhania (JK Group) and the founders of Zetwerk.
According to Wootz, the funds will be used to establish the early team, build technology and strengthen presence in the US and UK.
Founded in March 2023 by Karan Anand and Himanshu Uniyal, Wootz.work links sellors to buyers directly for products and solutions. Its technology can instantly tailor products, contextualizing existing SME capabilities for the buyer’s unique requirements.
The platform can pair buyers with products and solutions within 24 hours and ensure quick delivery to the customer’s location.
The startup is currently working with factories and Original Equipment Manufacturers (OEMs) in the UK across their growth, automation, and MRO phases, driving supply chain innovations and capital expenditure optimization. According to the company, it will be setting up new offices in the UK and US this year.
