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§ Private Profile · Bengaluru, India
VenWiz is a technology company.
VenWiz operates a digital marketplace designed to streamline procurement of industrial services. The platform primarily focuses on capital expenditure (CapEx) and maintenance, repair, and operations (MRO) requirements for companies within the manufacturing sector. It provides a structured environment that digitizes complex service procurement processes, enhancing efficiency and transparency for businesses seeking specialized industrial services.
The company was founded in 2021 by Rajesh Johnson and Sandesh Thekkath, who identified a significant need for a more efficient and transparent system within industrial service procurement. Their insight centered on the fragmented and often manual nature of sourcing specialized services and equipment for manufacturing, leading them to develop a technology-driven solution to bridge this gap.
VenWiz serves manufacturing enterprises, particularly those based in India, by offering a unified platform for sourcing and managing their industrial service needs. The company's long-term vision is to transform how industrial services are accessed and transacted globally, fostering a more connected and efficient ecosystem where businesses can easily procure and manage complex industrial requirements.
VenWiz has raised $11.0M across 2 funding rounds.
VenWiz has raised $11.0M in total across 2 funding rounds.
VenWiz has raised $11.0M across 2 funding rounds. Most recently, it raised $8.0M Series A in February 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 1, 2023 | $8M Series A | Sanjay Nayar | Accel, Axilor Ventures, Smartstart Fund, Anshuman Sinha, Prabhav Kashyap, Sanjiv Rangrass, Force Ventures, JAFCO Asia, Sameer Brij Verma, Riverwalk Holdings | Announced |
| Jan 1, 2021 | $3M Seed | — | Accel, AngelList, Axilor Ventures, General Catalyst, Smartstart Fund, Akhil Paul, Cecilia Stallsmith, JOB VAN DER Voort, Sunita Mohanty | Announced |
VenWiz has raised $11.0M in total across 2 funding rounds.
VenWiz's investors include Sanjay Nayar, Accel, Axilor Ventures, SmartStart Fund, Anshuman Sinha, Prabhav Kashyap, Sanjiv Rangrass, Force Ventures, JAFCO Asia, Sameer Brij Verma, Riverwalk Holdings, AngelList.
VenWiz is a B2B technology platform that streamlines capital expenditure (capex) procurement for the industrial services sector, offering a marketplace for discovering and engaging verified vendors, digital project management tools, and vendor intelligence.[1][2] Primarily serving the manufacturing industry, it addresses procurement inefficiencies by enabling rapid, seamless sourcing of engineering services, empowering MSMEs with skill-building opportunities and equitable lead access based on capabilities and performance.[1][2] With 21-40 employees and $11.3M in total funding—including a $3M round from Accel and Nexus Venture Partners, followed by an $8.3M Series A—the company demonstrates strong growth momentum since its 2020 founding in Bengaluru, India.[2][3]
VenWiz was founded in 2020 by Rajesh Reddy (CEO) and Sandesh Paturi (CBO), both based in Bengaluru, India, to transform industrial services procurement.[1][2][3] The idea emerged to create a "go-to" platform for managers seeking engineering service partners, tackling fragmented sourcing in manufacturing with a tech-driven marketplace.[2] Early traction came from trust by investors like Accel (Bharat Shankar Subramanian) and Nexus Venture Partners (Sameer Brij Verma), leading to rapid funding: $3M initially, then $8.3M in Series A, fueling platform expansion.[2]
VenWiz rides the wave of India's manufacturing resurgence, fueled by government initiatives like Make in India and rising capex in sectors needing efficient vendor ecosystems.[1][2] Its timing aligns with digital transformation in industrial procurement, where fragmented B2B services hinder scalability—VenWiz digitizes this "high-friction" space akin to platforms in hospitality or healthcare.[1] Market forces like MSME growth and supply chain localization favor it, positioning VenWiz to influence the ecosystem by standardizing sourcing, boosting vendor discovery, and accelerating project timelines for large manufacturers.[2]
VenWiz is poised for expansion into adjacent industrial verticals, leveraging its funding to enhance AI-driven matching and global vendor networks amid India's manufacturing boom.[2][3] Trends like automation in B2B procurement and sustainable capex will shape its path, potentially evolving it into a full-stack industrial ops platform. As the go-to for capex efficiency, its influence could redefine how manufacturers build resilient supply chains, starting from Bengaluru's tech hub.