ZippMat, a Bengaluru-based full-stack supply chain as a service (SCaaS) startup, has raised $10 million across equity and debt seed funding led by Matrix Partners India.

The funding round saw equity participation from existing investor Zephyr Peacock and debt participation from HDFC bank and TradeCred.

As per the startup, the raised funds will be used to scale its user base, digitize the supply chain, bring product innovation, and expand its team.

ZippMat | Supply Simplified

Founded by Abhijeet Kudva and Nandeesh Hasbi in 2021, ZippMat is a tech-led full stack supply chain as a service (SCaaS) company with a complete bouquet of material solutions for infra companies.

It simplifies material procurement for engineering and construction companies by leveraging its extensive curated supplier and logistics network with technology-led services.

Speaking about the development, Abhijeet Kudva, Co-founder and CEO of ZippMat, said,

“The construction industry contributes to over five percent of our GDP. Yet, this is one of the most archaic industries with no proper solution to bridge the various communication gaps. We wanted to build a technological solution to open a new door for the future of this industry.”

The Bengaluru-based startup claims to have a network of 30+ customers and a supplier network across 10+ states. In less than one year since operation, ZippMat has built partnerships across major categories like TMT, Steel, Bitumen, and Cement and served 30+ contractor customers across road works, irrigation, railway, and building construction.

Additionally, it has become one of the largest players in Karnataka with more than 100 Cr. in annualised revenue run-rate while operating profitably.

As per Abhijeet Kudva, the startup is currently working on building a platform where companies can manage their entire supply needs all the way from planning an order to delivery.

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