Construction management Platform Powerplay raises $5.2 million from Accel Partners & Sequoia Capital
App for construction management Powerplay announced a $5.2 million funding round led by Accel Partners and Sequoia Capital India's accelerator programme, Surge.
The funding will be used to build the company's team and improve the product experience, according to the company.
The mobile app developed by the two-year-old startup connects multiple stakeholders involved in construction, allowing them to communicate and collaborate more efficiently.
Powerplay is a construction operating system that allows all construction stakeholders, including builders, contractors, and subcontractors, to build projects of any size, from the tallest buildings to the longest roads.
Powerplay's platform can help project managers, workers, and partners track their progress, deliverables, and payments, as well as streamline the often complex and multi-stakeholder project management process.
“Powerplay comes at a time when the construction industry in India is ripe for digital disruption. By empowering construction workers and contractors with technology, we are driving the growth of crucial infrastructure required for economic and social progress in the country," said Powerplay founder and chief executive officer, Iesh Dixit.
Contractors can use the Powerplay app to track employee attendance, budgeting and invoicing, as well as issues and material management, as well as track project completion progress.
According to the company, India's construction sector is the country's second-largest contributor to GDP, employing 16 percent of the working population.
Despite this, very few technological solutions have emerged to aid in the digitization of the construction process, a need that has been accelerated by the pandemic, according to the company.
Above that, the industry is dominated by small and medium-sized contractors, who still track progress with pen, paper, and Whatsapp and struggle to maintain visibility over the work of many stakeholders involved. As a result, when initial time and budget estimates are incorrect, construction projects frequently face very costly delays, according to the company.
Surge's fifth and largest cohort of 23 companies included this Bengaluru-based startup.
The funding will be used to build the company's team and improve the product experience, according to the company.
The mobile app developed by the two-year-old startup connects multiple stakeholders involved in construction, allowing them to communicate and collaborate more efficiently.
Powerplay is a construction operating system that allows all construction stakeholders, including builders, contractors, and subcontractors, to build projects of any size, from the tallest buildings to the longest roads.
Powerplay's platform can help project managers, workers, and partners track their progress, deliverables, and payments, as well as streamline the often complex and multi-stakeholder project management process.
“Powerplay comes at a time when the construction industry in India is ripe for digital disruption. By empowering construction workers and contractors with technology, we are driving the growth of crucial infrastructure required for economic and social progress in the country," said Powerplay founder and chief executive officer, Iesh Dixit.
Contractors can use the Powerplay app to track employee attendance, budgeting and invoicing, as well as issues and material management, as well as track project completion progress.
According to the company, India's construction sector is the country's second-largest contributor to GDP, employing 16 percent of the working population.
Despite this, very few technological solutions have emerged to aid in the digitization of the construction process, a need that has been accelerated by the pandemic, according to the company.
Above that, the industry is dominated by small and medium-sized contractors, who still track progress with pen, paper, and Whatsapp and struggle to maintain visibility over the work of many stakeholders involved. As a result, when initial time and budget estimates are incorrect, construction projects frequently face very costly delays, according to the company.
Surge's fifth and largest cohort of 23 companies included this Bengaluru-based startup.
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