Construction Management Start-up Powerplay has raised USD 7.14mn (about Rs 56 crore) from investors to scale up its business. The latest round of funding was led by ACCEL. The platform raised USD 7.14 million via the latest series -A round led by Accel and participated by Sequoia Surge, India Quotient, and the Founders of Snapdeal. This being the second funding in the last 13 months, the start-up will be using the funds to scale its core business.
The value of construction managed on Powerplay said, “Having received a second round of funding from the existing investors shows their belief in the team, product, and tech adoptions in the market. Construction is one of the key contributors to the economy but still uses archaic solutions, he added.
“We are helping the sector to reduce its construction cost and time by enabling smart management via the use of technology. We are on a larger mission of accelerating the growth of socio-economic infrastructure in the country,” Dixit said.
Founded by Dixit and Shubham Goyal, Bengaluru-based Powerplay is an end-to-end construction management SaaS platform that aids in the simplification of communication and synergizing collaboration between construction sites and central office teams. Specialty Contractors, General Contractors, and Builders manage site work, material, and labor on Powerplay.
