2023
Delhi (India)
Seed
Wootz.work is a global sourcing and engineering solutions platform specializing in precision manufacturing and cross-border procurement for industries such as construction, pharmaceuticals and OEM manufacturing. The company operates at the intersection of advanced manufacturing, digital procurement and supply chain optimization, serving clients across Europe, North America, and Asia.
Custom Engineering Solutions: Sourcing and delivery of light engineering products, components and assemblies tailored to client specifications, including OEM metal fabrication, machining and advanced manufacturing.
Integrated Procurement Platform: Digital platform offering virtual catalogs, instant quotations, virtual factory tours and comprehensive fulfillment dashboards for real-time project tracking.
Value-Added Services: End-to-end project management, centralized raw material procurement, consolidated warranties and after-sales support.
AI-Enabled Quality Assurance: 100% AI-driven quality checks, compliance with global standards (e.g., ISO, 21 CFR Part 11 for pharma) and robust supplier vetting.
Turnkey Asset Management: From design to delivery, including logistics, installation optimization and maintenance support.
Revenue Mix: As of 2024, over 90% of revenue is derived from transaction and service fees on cross-border engineering equipment deals, with the remainder from platform and advisory services.
Geographic Contribution: India remains the primary sourcing hub, while the UK and US are key growth markets for demand and after-sales support.
Customer Segmentation: The platform is predominantly B2B, serving OEMs, industrial buyers, and SMEs in sectors like construction, pharma and automation. Wootz.work’s value proposition is especially strong for mid-sized enterprises seeking reliable, compliant and cost-effective procurement solutions.
Key Clients: Wootz.work’s portfolio includes partnerships with UK-based OEMs, global pharmaceutical packaging leaders and construction equipment manufacturers. The company is trusted by clients requiring high compliance and reliability, such as those in the pharma sector (notably for 21 CFR Part 11-compliant packaging solutions).
Strategic Partners: Backed by Matrix Partners India, Nexus Venture Partners, AdvantEdge and Mars Shot Ventures (Razorpay Founders’ Fund), as well as angel investors from Livspace, JK Group, and Zetwerk.
Supplier Network: Collaborates with a vetted network of SME manufacturers across India and Southeast Asia, ensuring technical excellence and economic efficiency.
Diversification: No single client or sector dominates revenue, reducing concentration risk. The company’s expansion into new geographies and verticals (e.g., automation, MRO) further enhances diversification.
Growth Drivers: Wootz.work is focused on scaling its digital procurement platform, expanding its supplier and client base in the UK and US and deepening its value-added services (reflecting the global shift toward resilient, tech-enabled supply chains). The company is also investing in AI-driven sourcing and predictive maintenance tools to future-proof client operations.
Risks & Headwinds: Key challenges include navigating diverse regulatory environments, ensuring consistent quality across a fragmented supplier base and managing macroeconomic volatility in global trade.
Strategic Targets: Management aims to establish Wootz.work as the go-to platform for cross-border engineering procurement, with medium-term priorities including expanding to new industrial belts in India, setting up local offices in major Western markets and achieving operational profitability as scale increases. Capital allocation is directed toward technology development, team expansion and global market entry.
$3.5Million
1
$3.5Million, Seed
as of August 22, 2023
$12.7Million
as of N/A
-
as of N/A
Nexus Venture Partners
and 4 more26
Fairdeal Market
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
August 22, 2023 | Seed | $3.5Million | - | - | - | Nexus Venture Partners, Z47, AdvantEdge, Mars Shot Ventures, ADvantage VC, Infimomentum Venture ,Calabasas Ventures, Asav Partner |