About ZippMat
ZippMat is a Real Estate & Construction company based in Bengaluru (India) founded in 2021 by Abhijeet Kudva and Nandeesh Hasbi. Construction materials and logistics services are supplied for infrastructure projects. ZippMat has raised $14.43 million across 5 funding rounds from investors including HDFC Bank, LetsVenture and Beacon Trusteeship. The company has 47 employees. ZippMat was last valued at $20.01 million in August 2024. Its chief executive, as recorded, is Abhijeet Kudva. Its Indian entity Zippmat Private Limited reported revenue of ₹182 Cr. Its focus areas include Real Estate and Construction Tech, Construction Tech, Project Management and Pre-Construction. Its competitors include Infra.Market, Holisol and ProcureYard; 3 of its 3 listed competitors have raised funding.
Company details
ZippMat was founded in 2021 in Bengaluru, India, within the infrastructure and construction sector. Materials such as aggregates, bitumen, steel, and TMT are supplied by the company. Logistics support, tailored financing, and credit options are provided to clients. Partnerships with suppliers and distributors are established to connect them with ongoing projects across the region.
- Headquarters Bengaluru, India
- Employees 47
- Founders Abhijeet Kudva, Nandeesh Hasbi
- Stage Minicorn
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website zippmat.com
- Social LinkedIn
- Legal Name Zippmat Private Limited
- Date of Incorporation 17 Jul, 2021
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹182 Cr
FY 2025 · +21% YoY
- Net Loss-₹4.39 Cr
FY 2025 · -2% margin
- EBITDA-₹1.63 Cr
FY 2025 · -1% margin
- Total Equity Funding$14.43M (USD)
in 5 rounds
- Latest Funding Round$3.11M (USD), Series A
Mar 2025
- InvestorsHDFC Bank
& 43 more
- Employee Count47
Associated legal entities of ZippMat
ZippMat operates through Zippmat Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zippmat Private Limited CIN U46632MH2021PTC364119 | Active | 17 Jul 2021 | Mumbai, Maharashtra | ₹182 Cr | 47 | 4 | View details |
Funding Insights of ZippMat
ZippMat has successfully raised a total of $14.43M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $3.11 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $14.43M
- Total Rounds 5
- Last Round Series A — $3.11M
- First Round $1.28M
(Feb 2022)
- Investors Count 44
All 5 funding rounds of ZippMat with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $3.11M | Series A | – | Zephyr Peacock | |
| Aug 2024 | $44,799 | Angel Round | $20.01M | Vikas Ranganath, Gautam Vijay Duggad | |
| Sep 2022 | $10M | Seed | – | Z47 | |
| Sep 2022 | Debt – Conventional | – | – | ||
| Feb 2022 | $1.28M | Seed | $5.01M | Zephyr Peacock |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2024 | $20.01M | •••••••• |
| Feb 2022 | $5.01M | •••••••• |
Last known valuation $20.01M (Aug 2024). 44 investors in total: 10 institutional and 34 angel.
Investors in ZippMat
ZippMat has secured backing from 44 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include HDFC Bank, LetsVenture and Beacon Trusteeship.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified asset management and private equity firm focused on small and medium sized enterprises | zephyrpeacock.com | Bengaluru, India | ||
Venture capital investment firm | z47.com | Bengaluru, India | ||
Venture capital services and investment in startups. | 2020 | kettleborough.vc | Ahmedabad, India | |
Trusteeship services are provided in the financial sector since 2015. | 2015 | beacontrustee.co.in | Mumbai, India | |
Online platform that connects startup founders with accredited investors, enabling early-stage fundraising and investment opportunities for private market growth | 2013 | letsventure.com | Bengaluru, India | |
Commercial and personal banking services are offered by HDFC Bank. | 1994 | hdfcbank.com | Mumbai, India | |
Invoice financing is provided to businesses via a digital platform. | 2018 | tradecred.com | Mumbai, India | |
Serves as a platform for individual portfolio management. | 1987 | kifstradecapital.com | Ahmedabad, India | |
| bmppl.co.in |
Investor details for ZippMat
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Zippmat Private Limited (ZippMat)
Zippmat Private Limited is the primary company behind ZippMat. The board of Zippmat Private Limited currently have 3 directors; the longest-serving is Abhijeet Sudhakar Kudva, appointed in 2021. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhijeet Sudhakar Kudva DIN 03042087 | Managing Director | 17 Jul 2021 | 5 yrs 3 mo | Zippmat Private Limited |
| Nandeesh Doddappa Hasbi DIN 07958841 | Managing Director | 20 Sep 2021 | 5 yrs 1 mo | Zippmat Private Limited |
| Pankaj Raina DIN 06584042 | Nominee Director | 07 Mar 2022 | 4 yrs 8 mo | Zippmat Private Limited |
People of ZippMat
12 people are tracked at ZippMat (8 in leadership, 4 in team); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & CBO | Leadership | |
Ankush Wadhera | Investor | Leadership |
Shravan Kumar | Director Sales - Industrial Solutions | Leadership |
Rahul Gulati | Director Of Credit And Banking | Leadership |
Bodhisatwa Chaudhary | Director Of Strategy | Leadership |
Shubhang Lalla | Director Of Sourcing - Infra | Leadership |
Vishal Uchil | Director Of Engineering | Leadership |
Nishant Raj | Manager - Credit & Financing | Team |
Deepansh Garg | Regional Manager | Team |
Agnesh B Shetty | Sales Manager | Team |
Sharan D.s | Relationship Manager | Team |
Complete people profiles for ZippMat
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ZippMat
Figures of Zippmat Private Limited, the primary company behind ZippMat, for FY 2025. Revenue was ₹182 Cr (+21% year on year). Net loss was -₹4.39 Cr (-2% margin). EBITDA was -₹1.63 Cr (-1% margin). Revenue has grown at a compounded annual rate of +130% over three years.
- ₹182 CrRevenue · FY 2025 · +21% YoY
- -₹4.39 CrNet loss · -2% margin
- -₹1.63 CrEBITDA · -1% margin
- ₹10.57 CrPaid-up capital
- 47Employees (provident fund records)
- +130%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Zippmat Private Limited are on its company page.
Detailed financial statements for ZippMat
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ZippMat
4 dated milestones of ZippMat across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ZippMat is founded.
- Funding First funding round of $1.3M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.1M.
Competitors of ZippMat
ZippMat has 3 listed competitors in our database, 3 of them funded. They include Infra.Market, Holisol and ProcureYard.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| infra.market | 2016 | Thane, India | $783.57M | 3,649 | Digital procurement and supply solutions for construction materials are facilitated. | |
| holisollogistics.com | 2009 | Delhi, India | $12.72M | 2,447 | End-to-end supply chain, fulfilment, and IT solutions are provided. | |
| procureyard.com | 2023 | Gurugram, India | $1.93M | AI-powered procurement management for construction materials is offered. |
Detailed competitors of ZippMat
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about ZippMat
ZippMat was founded in 2021 and raised its 1st funding round 1 year after it was founded.
ZippMat is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abhijeet Kudva is the CEO of ZippMat, as recorded in our data. They have also founded this company.
ZippMat is a funded company, having raised a total of $14.43M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.28M, raised on Feb 2022.
ZippMat has 47 employees.
The primary company behind ZippMat, Zippmat Private Limited, reported revenue of ₹182 Cr for FY 2025, up 21% year on year.
ZippMat was founded in 2021 in Bengaluru, India, within the infrastructure and construction sector. Materials such as aggregates, bitumen, steel, and TMT are supplied by the company. Logistics support, tailored financing, and credit options are provided to clients. Partnerships with suppliers and distributors are established to connect them with ongoing projects across the region.
ZippMat's top competitors include Infra.Market, Holisol and ProcureYard.
ZippMat has 44 investors. Key investors include HDFC Bank, LetsVenture, Beacon Trusteeship, TradeCred, and KIFS Trade Capital.
The valuation of ZippMat is $20.01M as of Aug 2024.
ZippMat operates through Zippmat Private Limited.
The legal entities of ZippMat currently have 4 directors, including Pankaj Raina, Priyanka Dhanjani, Abhijeet Sudhakar Kudva and others.