ZippMat raised $10 million in a mix of equity and debt as part of its seed led by Matrix Partners India

September 8, 2022

, By Team SNFYI

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Online construction marketplace ZippMat raised $10 million in a mix of equity and debt as part of its seed led by Matrix Partners India where Zephyr Peacock participated in the equity round, while HDFC Bank and TradeCred participated in the debt funding round.

ZippMat is a construction supply chain platform with a full stack. The funds will be used by the startup for product development, expanding its user base, digitising the supply chain, and expanding its team. It obtains construction material for engineering and construction firms and delivers it to the desired location. It claims to solve three construction-related issues: project execution delays, increased project costs, and access to working capital.

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ZippMat raised $10 million in a mix of equity and debt as part of its seed led by Matrix Partners India

September 8, 2022

, By Team SNFYI

Online construction marketplace ZippMat raised $10 million in a mix of equity and debt as part of its seed led by Matrix Partners India where Zephyr Peacock participated in the equity round, while HDFC Bank and TradeCred participated in the debt funding round.

ZippMat is a construction supply chain platform with a full stack. The funds will be used by the startup for product development, expanding its user base, digitising the supply chain, and expanding its team. It obtains construction material for engineering and construction firms and delivers it to the desired location. It claims to solve three construction-related issues: project execution delays, increased project costs, and access to working capital.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Middle Eastern logistics startup TruKKer raised $100 million in funds

Next News

QSR chain Wow! Momo raised INR 125 crore in its Series D from OAKS Asset Management

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