Venwiz is a SaaS-enabled marketplace that digitizes capex and industrial services procurement for manufacturing companies. Founded in 2020 by Rajesh Reddy and Sandesh Paturi and based in Bengaluru, India, the platform connects manufacturers with pre-screened service vendors for both CapEx and MRO requirements. The company offers end-to-end digital solutions covering vendor discovery, service procurement, and job execution. Venwiz has onboarded more than 10,000 vendors across over 40 service categories and holds contracts with companies such as Nestle, TVS, ITC, Tata Coffee, and Kohler Power. The company plans to use the new funding to enhance its product, expand its team, and deepen client engagements. To date, Venwiz has raised $11.3M in total capital. VenWiz offers a platform to organise service engagements in manufacturing and allied industries, helping shop-floor managers discover service vendors by capability and past experience. The company was founded in 2020 by Rajesh Reddy and Sandesh Paturi and is Bengaluru-based. It currently has just under 10 employees. The startup will use the funds for talent acquisition, strengthening technology, and business expansion. VenWiz plans to launch a pilot in the next 3 - 4 months in Bengaluru and Hyderabad and then expand pan-India.

Total raised

$8M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2023