Deeptech startup Truventor.ai acquired Pune-based Chizel, a B2B cloud manufacturing platform in the on-demand manufacturing space in a 100% stock deal last month. After the acquisition, Chizel founders and investors will get an undisclosed stake in Truventor, while they join the Truventor management team.
Chizel.io provides solutions for cloud-based on-demand manufacturing such as 3D printing, injection moulding and machining & Truventor provides software for design and sourcing teams to simplify manufacturing workflows across the value chain from requisitions to delivery.
“We are super excited to announce our entry into the Indian custom manufacturing industry through the acquisition of Chizel. We will leverage Chizel’s extensive batch manufacturing experience in India to deliver better business outcomes for our customers, enabled by intelligent workflows and deep-tech framework,” said Soumitra Joshi, Founder, Truventor.