Onsite Raises $1.5 Million in Seed Round  

by Kay Aloha Villamor in December 9th, 2022

Onsite, a New Delhi, India-based SaaS startup that provides construction site management platform, raised $1.5 million in a seed round from Artha Venture Fund, Foundamental, and Madhumala Ventures, among others. 

The startup will use the capital to accelerate product development and expand its market footprint. 

“Onsite addresses the real challenges of the construction industry by empowering the mid-sized construction businesses that are the backbone of the industry. Our multi-lingual interface has enabled over one lakh businesses to streamline their operations through technology, easily and effortlessly,” said Akshansh Agarwal, Co-founder, and CEO of Onsite.”

Onsite offers a cloud-based business management platform to mid-sized construction companies to help them manage and track their projects. The idea is to allow contractors to replace the manual record-keeping to track the progress.

It automates regular tasks and provides data analytics capabilities to better cash flow management and revenues for contractors. 

Company: ABEYAANTRIX TECHNOLOGY PRIVATE LIMITED

Raised: $1.5M

Round: Seed Round 

Funding Month: December 2022

Lead Investors: Artha Venture Fund, Foundamental, and Madhumala Ventures

Additional Investors:

Company Website: https://onsiteteams.com/

Software Category: Construction Site Management

About the Company: Founded in March 2021 by Akshansh Agarwal, Sumit Garg, and Dheeraj Anand, Onsite is a construction tech startup that provides a construction site management platform designed to manage all projects on a single application. The company's platform offers a mobile-first project expense and collaboration tool that allows contractors to track tasks and labor, and manage site expenses, site material, and daily progress reports, enabling MSME contractors to focus on their business growth and increase profits. Key features of the Onsite app currently include Task Management, Labor and Raw Material tracking, Site Expense tracking, Design viewing, and Reporting.


Source: https://yourstory.com/2022/12/ev-financing-startup-vidyut-legaltech-amikus-ai-saas-onsite-raise-early-stage-funds




 

 



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