Construction Supply Platform Zippmat Raises $10 Million In Funding Led By Matrix Partners India
09/08/22, 1:01 AM
Location
bengaluru
Money raised
$10 million
Industry
supply chain management
logistics
construction
ZippMat, a service platform for construction supply chain, has raised $10 million in an equity and debt round led by Matrix Partners India.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The Bengaluru-based startup will utilise the latest funds to scale up its user base, digitise the supply chain, bring in product innovation, and expand its team from the current 25 people. The startup, founded in 2021 by Kudva and Nandeesh Hasbi, simplifies material procurement for engineering and construction companies by leveraging its supplier and logistics network. Hasbi, cofounder and chief business officer, added, “We want ZippMat to be a digital assistant for all contractors and suppliers to streamline and simplify their procurement processes.