COMPANY INTELLIGENCE PROFILE
ZIPPMAT PRIVATE LIMITED
Bengaluru-based B2B supply-chain and procurement platform (Zippmat Pvt Ltd, brand "ZippMat") simplifying construction-material sourcing, logistics and financing for engineering/construction companies.
ZippMat (Zippmat Pvt Ltd) is a Bengaluru-based B2B supply-chain and procurement platform founded in 2021, specializing in construction material sourcing for engineering firms. It offers logistics and financing solutions to reduce project delays and costs. By FY2025, the company's revenue was ₹181.84 Cr, with a 21% year-over-year growth. In 2022, ZippMat raised USD 10 million led by Matrix Partners India. It has no known legal issues.
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Business Overview
- ZippMat, Zippmat Private Limited, is a Bengaluru-based, full-stack B2B supply-chain/procurement platform for the construction and infrastructure sector, founded in 2021 by Abhijeet Kudva and Nandeesh Hasbi.
- It curates and supplies materials such as bitumen, structural steel, GGBS and GFRP reinforcement, and layers on logistics coordination and flexible financing for engineering/construction buyers, aiming to reduce project delays, cost overruns and working-capital strain.
- Positioned as "India's one-stop-shop for infra supply", per its own website.
- As of its 2022 funding round it served 30+ customers across 10 product segments in 10 states, with an ~₹100 Cr annualized revenue run-rate and stated operating profitability at that time.
- DPIIT-recognised startup., Sources: zippmat.com, Entrackr, Inc42, Tofler
Sector & Classification
Wholesale trading / business & supply-chain outsourcing services for construction materials. Current CIN industry code U46632; sheet-listed CIN carried code U51909 ("other wholesale trade n.e.c.") — appears superseded. Not independently verified against an official NIC code table.
Directors & Key Management
Directors — source notes
1) Abhijeet Sudhakar Kudva — DIN 03042087 — Managing Director (appointed 17-Jul-2021), Co-founder & CEO; DIN cross-confirmed via Tofler director page. 2) Nandeesh Doddappa Hasbi — DIN 07958841 — Managing Director (appointed 20-Sep-2021), Co-founder; DIN per TheCompanyCheck only (partial — single-source). 3) Pankaj Raina — DIN 06584042 — Nominee Director (appointed 07-Mar-2022), likely representing an investor from the Sept-2022 funding round; DIN per TheCompanyCheck only (partial — single-source).
GST Registrations
Primary PAN AABCZ7789D. Two GSTINs identified via aggregator (Pice App), consistent with the confirmed PAN but not cross-verified on a second reliable source, so rated partial: (a) 27AABCZ7789D1ZS — Maharashtra (home state, matches registered office) — registered 02-Aug-2021 — Active, Regular. (b) 29AABCZ7789D1ZO — Karnataka (matches Bengaluru operating base) — registered 28-Apr-2022 — Active, Regular. Company states multi-state operations (10 states per 2022 funding coverage), so additional GSTINs likely exist but are not obtained/confirmed.
Financials
Zippmat Private Limited reported FY2025 revenue of ₹181.84 crore, an increase of 21% from the previous year. The company saw a 56.49% increase in net worth and reduced borrowings by 57.05%. Operating margin was 2.37% and net profit margin 2.7%.
AI-generated, may contain errors.
- Latest available, FY2025, per Tofler — standalone, unaudited/estimated basis not explicitly stated: Revenue ₹181.84 Cr, +21% YoY.
- EBITDA and PAT figures are paywalled/not obtained.
- TheCompanyCheck, same underlying FY2025 dataset, additionally shows: Net worth growth +56.49% YoY, absolute net worth not obtained, Borrowings down -57.05% YoY, Operating margin 2.37%, Net profit margin 2.7%, absolute PAT not obtained; margin figures show minor internal inconsistency - net margin exceeding operating margin - possibly reflecting non-operating income, not independently reconciled.
- Standalone vs consolidated not explicitly stated by either source
- Company shows no evident subsidiaries, so figures are presumed standalone.
Funding History
| Confirmed, 2 independent sources | Entrackr, Inc42, both dated 8-Sep-2022: Zippmat/ZippMat raised USD 10 million in a combined equity + debt round. |
| Lead investor | Matrix Partners India (equity). |
| Other participants | Zephyr Peacock, existing investor, equity, HDFC Bank and TradeCred (debt providers). |
| Round name/structure not specified as a formal "Series" by either source, reported as a single blended raise | |
| Crunchbase separately tags it as a "Seed Round" dated 2022-09-08. Valuation not disclosed. Stated use of proceeds: scaling user base, digitizing the supply chain, product innovation, team build-out. | |
Loans & Charges
- Partial, single underlying data source, mirrored on Tofler and TheCompanyCheck: Open charges ~₹55 Cr
- Satisfied charges ~₹8 Cr. Primary lender: HDFC Bank Limited (~₹45 Cr). Other borrowings ~₹10 Cr. Consistent with HDFC Bank's role as a debt participant in the 2022 funding round reported by Entrackr/Inc42.
Competitive Landscape
- Construction-materials B2B procurement/supply-chain peers in India: 1) Infra.Market — large scale, unicorn, multi-thousand-crore revenue, broad construction materials marketplace + manufacturing.
- 2) OfBusiness — large scale, unicorn, B2B procurement + embedded financing across construction/industrial raw materials.
- 3) Moglix — large scale, unicorn, industrial B2B commerce incl. construction/MRO categories.
- 4) Zetwerk — large scale, unicorn, manufacturing-and-supply-chain platform, adjacent segment.
- 5) BuildSupply — smaller/mid scale, construction materials sourcing platform, closer in size to Zippmat.
- Note: scale tags are directional/reputational, not derived from audited comparables.
Frequently Asked Questions
What does ZippMat (Zippmat Private Limited) do?
ZippMat is a Bengaluru-based B2B supply-chain and procurement platform that simplifies construction-material sourcing, logistics, and financing for engineering and construction companies.
What is the incorporation date of ZippMat?
ZippMat was incorporated on 17 July 2021.
What is the CIN (Corporate Identification Number) of ZippMat?
The CIN of ZippMat is U51909MH2021PTC364119.
What is the GSTIN for ZippMat's Maharashtra location?
The GSTIN for ZippMat's Maharashtra location is 27AABCZ7789D1ZS, which was registered on 02-Aug-2021.
Where is the registered office of ZippMat located?
The registered office of ZippMat is located at 74/II, C Crossroad, Opposite Gate No. 2, SEEPZ, Andheri East, Mumbai, Maharashtra 400093.
Sources
Tofler (tofler.in/zippmat-private-limited), TheCompanyCheck (thecompanycheck.com/company/zippmat-private-limited), Entrackr (entrackr.com, 8-Sep-2022 funding article), Inc42 (inc42.com/buzz + company profile), zippmat.com (official site), Pice App GST search aggregator (GSTIN detail, secondary/unverified-on-2nd-source), Tofler director page for DIN 03042087 (tofler.in/abhijeet-sudhakar-kudva/director/03042087). CIN discrepancy noted between sheet-supplied U51909MH2021PTC364119 and registry-current U46632MH2021PTC364119.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.