Fabrication Bazar, a tech startup revolutionizing the steel fabrication industry, has successfully raised $3 million in its Pre-Series A funding round. The round was led by Physis Capital, with additional participation from Japan-based venture capital firm ICMG and existing investor Inflection Point Ventures.
The funds will be used to enhance Fabrication Bazar’s technology platform, expand its geographic footprint into markets outside India, particularly in the GCC and Southeast Asia regions, and support leadership team hiring.
Dwaipayan Dutta, Co-Founder and CEO of Fabrication Bazar, expressed his enthusiasm about the funding: “The Pre-Series A 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. Our tech-enabled, asset-light manufacturing platform empowers thousands of MSME steel fabricators across India by enhancing their capacity utilization, delivering quality products to blue-chip MNC clients, and providing them access to capital. This round helps us to further enhance our tech offerings and build the team to take us to the next level. Given the size and potential of the steel fabrication industry in India and globally, we see significant growth opportunities ahead.”
Founded by Dutta, Fabrication Bazar is an asset-light, tech-enabled manufacturing platform specializing in industrial steel products. It serves over 400 clients across various sectors and is working to digitize its supply chain. The platform centralizes management from procurement to quality control and logistics, aiming to optimize the unused capacity of over 1.5 million MSME fabrication vendors in India.
Ankur Mittal, Partner at Physis Capital, highlighted the strategic importance of Fabrication Bazar’s role: “As India accelerates towards its USD 5 trillion economic vision, the steel fabrication industry emerges as a key player in this transformative journey. 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.”
Riverstone Capital, a boutique investment bank based in India, acted as the exclusive financial advisor to Ben & Gaws for the transaction.