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