Zippmat

Zippmat, founded in 2021 by Abhijeet Kudva and Sudeep Shastry, operates as a B2B supply chain platform specifically targeting the construction industry. The company was established to address significant inefficiencies within the construction material procurement process, a challenge the founders were well-positioned to tackle. Abhijeet Kudva brings a background in construction and project management, having worked on large-scale infrastructure projects, while Sudeep Shastry contributes expertise from his experience in the logistics and supply chain sectors. This combined experience provides a foundation for understanding the intricate demands of construction supply logistics.

The company's core offering is a platform designed to streamline the procurement and management of essential construction materials like steel, cement, and electrical supplies. Zippmat serves real estate developers and engineering, procurement, and construction (EPC) companies by providing a centralized system for material sourcing. Its business model focuses on aggregating demand, which allows it to negotiate better prices from manufacturers and offer competitive rates to its clients. The platform manages the entire supply chain, from sourcing the materials to ensuring their timely delivery directly to construction sites, thereby aiming to mitigate project delays and cost overruns. The service includes real-time material tracking and quality control measures to ensure that supplies meet project specifications.

Zippmat has achieved notable milestones, including securing significant funding to fuel its expansion. The company raised $10 million in a Series A funding round in December 2022, co-led by Matrix Partners India and Zephyr Peacock, with participation from existing investor HDFC Bank. This followed an earlier seed funding round. The capital is intended to enhance its technology stack, expand its team, and broaden its geographical footprint within India. By digitizing and organizing a traditionally fragmented and inefficient market, Zippmat aims to improve financial transparency and operational efficiency for its construction clients.

Keywords: construction procurement, supply chain platform, B2B marketplace, building materials, logistics management, real estate technology, proptech, material sourcing, EPC contracting, project finance