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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.
