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Buildzar raises $4 million in funding from Puneet Dalmia

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Delhi-NCR based Buildzar, an ecommerce portal where users can buy construction material, has raised pre Series A funding worth $4 million from Puneet Dalmia, MD & CEO of Dalmia Cement Bharat. The company plans to expand to Bangalore, Chennai and Hyderabad in the next 6 months and increase its team size from the current 70 to 100.

Buildzar offers design, labor and materials solutions for individual and small and medium sized builders and apartment owners. It has a materials store where users can buy 20,000 products for home services like plumbing, painting, flooring etc and BuildMyHome, where it claims to have over 70 contractors and architects related to design, renovation and contracting services. The platform also offers an estimation tool called Beztimate where users can get info on cost, time and quantity of material.

According to its press statement, the company is working on building a management tool where builders can monitor construction metrics such as cost, timelines, inventory etc on a real time basis, along with live feeds, alerts and updates. It offers an Android and iOS app, along with a web portal, and claims to clock 750-800 monthly orders since it began operations in September last year.

The company also offers plans for drawings, interiors, bathroom, flooring and kitchen building starting from Rs 1,799 per sq feet to Rs 2,999 per sq feet. Buildzar was founded by Vineet Singh, Swapnil Tripathi and Vivek Sinha and claims to have a gross sales value (GSV) of Rs 7.5 crore and 600 consumers. A Mint report states that it accepts orders from customers and alerts vendors, who also carry out the logistics. Buildzar charges a commission from the vendors and works with construction related companies like ACC, Ultratech Cement, Lakshmi Cement, Asian Paints and Jaquar among others.

Other players in the space include Buildkar and Bizongo.

Also read: #Outlook16: What Indian Online Property Companies Plan To Do In 2016

Image Credit: Wikijazz under CC BY SA 3.0

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