Founded in 2018 by Jayesh Rajpurohit and Arpit Rajpurohit, the startup offers end-to-end construction services including home and business construction and building materials. The startup also enables consumers with technology and processes to make home and commercial constructions simple.
Home construction and building materials provider Brick&Bolt secures $10 Mn in a Series A funding round co-led by Accel and Celesta Capital. International investment banking firm Cilix Capital acted as an advisor for the funding round. Brick&Bolt looks to use the fresh capital to enhance its tech stack, strengthen its leadership team and expand to more than 12 cities in the next 15 months. Including the current fundraising, Brick&Bolt shared that it has raised $16 Mn in aggregate.
Founded in 2018 by Jayesh Rajpurohit and Arpit Rajpurohit, the startup offers end-to-end construction services including home and business construction and building materials. The startup also enables consumers with technology and processes to make home and commercial constructions simple. The startup counts Sequoia Surge, Fundamental GmBH, HDFC Capital Advisors, and Stride Ventures as its investors.
Explaining the process, Rajpurohit added that the startup uses workflow automation, BIM modeling, and a suite of more than 16 tech applications to predict the delivery of construction materials. It also supplies building materials for projects and contracts. According to the startup, India’s real estate is to become a $650 Bn market in 2025 and a $1 Tn worth sector in 2030.
As per a Mordor Intelligence report, India’s construction industry was valued at $609.6 Bn in 2021. The sector is anticipated to grow at a CAGR of more than 6% from 2023 to 26.
