VC Fund Investments
Engg equipment sourcing platform Wootz.work raises $3.5 M led by Matrix, Nexus
Wootz.work, a Delhi-based value sourcing platform for custom engineering equipment and solutions, has raised USD 3.5 million in a seed round led by Matrix Partners India and Nexus Venture Partners. The round also saw participation from AdvantEdge and Mars Shot Ventures (Razorpay Founders' Fund) along with 30 angel investors including Ramakant Sharma (Livspace), Sanjiv Rangrass (ex-ITC), Vikrampati Singhania (JK Group) and the founders of Zetwerk. The firm will use the funds to hire talent, build technology and strengthen presence in the US and UK. Founded in March 2023, by Karan Anand and Himanshu Uniyal, Wootz.work aims to streamline the cross border buying experience for light engineering products through technology and ownership of the process from design to delivery.
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