Construction management app Powerplay announced on Friday that it had raised $ 5.2 million in funding led by Accel Partners and Sequoia Capital India’s acceleration program, Surge.
According to the company, she will use the funding to build her team and improve her product experience.
The two-year-old startup’s mobile app connects multiple stakeholders involved in construction, allowing them to communicate and collaborate more effectively.
Project managers, workers, and partners can use Powerplay’s platform to help them track their progress, deliverables, and payments, as well as streamline the often complex, multi-stakeholder project management process.
“Powerplay comes at a time when the construction industry in India is ripe for a digital disruption. By equipping construction workers and entrepreneurs with technology, we are stimulating the growth of critical infrastructure necessary for the country’s economic and social progress, ”said Iesh Dixit, Founder and CEO of Powerplay.
With the Powerplay app, contractors can track the progress of their project and also use the platform to track employee attendance, budgeting and invoicing, as well as issue and material management.
According to the company, the construction sector in India is the second largest contributor to the country’s GDP and currently employs 16% of the workforce.
Yet very few technological solutions have emerged to help digitize the construction process – a need that has been accelerated by the pandemic, the company added.
On top of that, the industry is dominated by small and medium entrepreneurs, who still rely on pen, paper, and Whatsapp to track progress and struggle to maintain visibility into the work of the many stakeholders involved. As a result, construction projects often face very costly delays when initial time and budget estimates are wrong, the company said.
Powerplay is an operating system for everyone in the construction industry, including builders, contractors and subcontractors, to build projects of all sizes, from tallest buildings to longest roads.
The Bengaluru-based startup was also part of Surge’s fifth and largest cohort of 23 companies.
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