Marketplace Construction Goods, Buildkar, Raises Seed Funding

Marketplace Construction Goods, Buildkar, Raises Seed Funding

Bangalore-based construction materials marketplace, Buildkar, has raised an undisclosed amount in seed round funding from Mustafa Wajid – Meher Group CEO, Umang Kumar – founder of Gaadi.com and other angel investors.

This round also saw participation from Naresh Narasimhan (architect), Prasad VL (MD at Teligenz) and Sameer Govani of Total Equipment Solution.

The funds raised will be utilised for technology upgradation, improving logistics, product portfolio expansion and marketing.

Founded in 2014 by Vinit Bhansali and Thejaswi Udupa, Buildkar, (previously ApnaStock) is an ecommerce platform construction materials such as sand, pipes, cement, steel, plywood among other materials. Besides, it also provides technology solution to help reduce and optimize construction material prices for small builders and home owners.

vinit-bricks-truck (1)

Currently operational in Bangalore, Buildkar, facilitates access to 20,000 construction industry products. Besides helping with price discovery, instant quotes and delivery for construction & building material supply, the startup is now looking to facilitate discovery of civil engineers, architects, decorators, electricians and plumbing contractors on its platform.

vinit-acc-cement-bags-IMG_20160107_161931

In this space, startups who have grabbed funding include, Delhi-based B2B online marketplace for industrial material, Industrybuying.com raised an undisclosed amount of funding from Murugappa and TVS Families and Mumbai-based, Bizongo, a B2B marketplace for industrial goods, raised an undisclosed amount in seed funding from Accel Partners.

Other players operating in this segment include Tolexo, BazarA2Z, Alliedhunt among others.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Author

Vishal Singh

Inc42 Staff
For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.
Responses
https://inc42.com/buzz/trulymadly-unsingle/

Upcoming Events