Gurgaon-based ecommerce portal for construction materials, Buildzar, has raised $4 Mn from Puneet Dalmia, managing director of Dalmia Bharat Ltd., in his personal capacity.
Vineet Singh, co-founder and chief executive of Buildzar said, “The funding will be used for team expansion, product enhancement and marketing activities.”
Glow Homes Technologies Pvt. Ltd owned Buildzar was founded by Vineet Singh, Vivek Sinha and Swapnil Tripathi in September 2015. The startup offers construction materials such as steel, sand, bathroom fittings, electrical and tiles.
With over 1,000+ brands and 1,00,000+ products, Buildzar offers construction materials such as cement, steel, sand, RMX, bathroom fittings, electricals, tiles, paints, plumbing fittings, bricks & blocks, stone aggregates and water tanks.
Currently, it operates in Delhi-NCR and has at least 350 vendors listed on its website. Besides, the company aims to expand to Bangalore, Chennai and Hyderabad after six months.
The startup accepts orders from the customers on its site and then alerts the vendors for logistics. It delivers about 750-800 orders per month with an average order size of INR. 67,000.
Few of Buildzar’s clients include ACC Ltd, Ultratech Cement Ltd, Arcelor Mittal, JK Lakshmi Cement Ltd, Havells India Ltd, Asian Paints Ltd and Jaquar Sanitary Ware India Pvt. Ltd.
Also, in this space, Delhi-based B2B online marketplace for industrial material, Industrybuying.com, raised an undisclosed amount of funding from Murugappa and TVS Families. Mumbai-based Bizongo, a B2B marketplace for industrial goods, raised an undisclosed amount in seed funding from Accel Partners. Earlier this month, Bangalore-based construction materials marketplace, Buildkar, raised an undisclosed amount in seed round funding from Mustafa Wajid – Meher Group CEO, Umang Kumar – founder of Gaadi.com and other angel investors.
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