Amount Raised
$3.5 Million
Round Type
Seed
Description
Engineering equipment and solutions procurement platform Wootz.work on Tuesday raised around $3.5 million in a seed funding round led by Matrix Partners India and Nexus Venture Partners.AdvantEdge and Mars Shot Ventures (Razorpay Founders' Fund) also participated in the round, as did 30 angel investors including Livspace co-founder Ramakant Sharma, ex-ITC veteran Sanjiv Rangrass, Vikrampati Singhania of JK Group, and the Zetwerk founders.Founded in March this year by Karan Anand and Himanshu Uniyal, the platform connects buyers with products and solutions in 24 hours and facilitates smooth delivery to the customer's location. The company sources primarily from SMEs in India, and some components from China. It is also actively looking at sourcing from Vietnam and Turkey, said Anand. However, India would continue to be the largest contributor, given the breadth of services and better products available, he added.“We eliminate the vendor
Quick answer
Wootz.work raised $3.5 Million in a Seed round, dated August 22, 2023.
- How much did Wootz.work raise?
- Wootz.work raised $3.5 Million in a Seed round on August 22, 2023.
- What does Wootz.work do?
- Wootz.work aims to streamline the cross-border buying experience for light engineering products through technology and ownership of the process from design to delivery.
- Who are the decision-makers at Wootz.work?
- Fundz holds 3 contacts at Wootz.work, including the Co-Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Location Based Services around the same time
Companies in the same sectors as Wootz.work that raised within 45 days of this round, from Fundz verified event records.
- Revlon raised $51M on September 6, 2023.
- Cornbread CBD, PBC raised $200K (Seed) on October 6, 2023.
- MECAWARE raised $42M (Funding Round) on October 6, 2023.
- Stoke Space raised $100M (Series B) on October 6, 2023.
- Copart raised $108M on October 6, 2023.
- CoreTigo raised $10M (Series A) on October 5, 2023.
Who to call at Wootz.work, and when
A new round usually means Wootz.work is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Wootz.work raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Wootz.work, from your own LinkedIn network
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Related People
Wootz.work raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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