Manufacturing tech startup Bazar raises $3 million funding in pre-Series A round

Ben & Gaws Private Limited, which runs the manufacturing tech startup Fabrication Bazar, has raised $3 million in the pre-Series A round led by Physis Capital, according to a pree note today, August 23.

The fresh funding round also saw participation from Japan-based Venture Capital ICMG and existing investor Inflection Point Ventures. 

Founded in 2016 by Dwaipayan Dutta as a small fabrication unit, Fabrication Bazar (Ben & Gaws) is an asset-light tech-driven industrial steel product manufacturing platform which offers steel fabricated products to clients across India, Vietnam (SEA) and GCC. The start-up acts as a B2B one-stop asset-light tech manufacturing platform for industrial steel fabricated products. 

Commenting on the investment, Ankur Mittal, partner of Physis Capital, said, "Fabrication Bazar stands at the forefront of this revolution, reshaping how the industry fulfils 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. Their 6x growth since FY21 is proof of their innovative approach and market fit. As IPV and Physis, we've been more than just investors; we've been partners since 2022, and we remain committed to guiding Fabrication Bazar as they expand their tech and extend their reach into the GCC market."

Bazar plans to use the money for enhancing the tech platform increasing geographic presence primarily in GCC and SEA regions, and team expansion.

Dwaipayan Dutta, co-founder & CEO, said, "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."