ZippMat Secures $10 M As Equity And Debt Fund
Zippmat raises funds $10M to expand and digitize their supply chain network
Zippmat a supply chain technology platform has raised $10 million which is around 79 crore (1 USD = INR 79.73) in an equity and debt round led by Metrix Partners India. Zephyr peacock, HDFC Bank and Trade Cred participated in the funding round. The funds will be used to further expand the business to pan India, Digitise its platform and supply chain and expand its manpower, according to the media reports.
The Bengaluru-based Startup was founded in 2021. The company serves in more than 3 states and on more than 10 projects. It aims to simplify the process of acquiring material used in construction work. it basically targets construction companies and Individual companies as their target customers. The company will take care of the logistics support, and material procurement and streamline the supply chain process.
