Construction management start-up Powerplay raises US$ 7.14 million in funding
- IBEF
- September 9, 2022
Construction management startup Powerplay has raised US$ 7.14 million in a Series-A round of funding that was led by Accel and included Sequoia Surge, India Quotient, and the Snapdeal founders.
The company will use the money to grow both domestically and internationally. From January-June 2022, Powerplay estimates that the value of construction managed on its platform was around Rs. 7,500 crore (US$ 941.28 million).
Powerplay has raised around US$ 13 million in total since its founding in 2020. The first institutional investor to place a strong contrarian bet on the startup was India Quotient.
Powerplay is headquartered in Bengaluru and it declutters daily duties at construction sites by providing a platform to track real-time data and manage jobs, workers, and resources.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
