Former Cricketer Parthiv Patel Backs Construction Tech Startup BuilditIndia

Former Cricketer Parthiv Patel Backs Construction Tech Startup BuilditIndia

SUMMARY

BuilditIndia has secured an undisclosed investment from former Indian cricketer Parthiv Patel for a minority stake

The startup is targeting a bridge round of INR 15 Cr by November after raising INR 4.5 Cr to date

The investment comes as larger competitor Infra.Market raised INR 1,050 Cr in a pre-IPO round at a $2.8 Bn valuation

Construction technology startup BuilditIndia has bagged an undisclosed investment from former Indian cricket player Parthiv Patel for a minority stake.

Founded in 2021 by Akassh Patel and Nilesh Patel, BuilditIndia operates a B2B platform for construction materials procurement, leveraging technology to streamline the buying process. It recently onboarded Preyash Master as the chief technology officer and director.

“BuilditIndia is solving fundamental inefficiencies in the construction materials industry. Their commitment to quality, digital transformation, and innovation makes them a game-changer,” Patel said.

The Ahmedabad-based startup has raised INR 4.5 Cr ($516K) to date and aims to secure INR 3 Cr ($344K) more in its current funding round. It is also planning a bridge round to raise INR 15 Cr ($1.72 Mn) by November to accelerate its expansion.

BuilditIndia claims a 70% repeat order rate, which highlights strong customer retention, and targets a transaction volume of INR 500 Cr by March 2026.

“This investment allows us to accelerate our mission of transforming construction procurement. We remain committed to solving key industry challenges such as pricing transparency, supply chain inefficiencies, and quality assurance,” said Akassh Patel, who cofounded BuilditIndia.

The startup has also set up a subsidiary in Dubai for cross-border trade in building materials and is exploring opportunities in GCC countries and Africa.

BuilditIndia competes with larger players like Infra.Market and Birla Pivot in India’s growing construction technology sector. Last month, Infra.Market raised INR 1,050 Cr ($121 Mn) in a pre-IPO round at a valuation of $2.8 Bn from investors such as Tiger Global and Foundamental GmbH. The company differentiates itself through its reverse bidding algorithm and localised supply chain focus in Gujarat.

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Former Cricketer Parthiv Patel Backs Construction Tech Startup BuilditIndia-Inc42 Media
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