Powerplay, a Bengaluru, India-based construction management firm that simplifies communication for construction, raised $7.14 million in its Series A funding, bringing Powerplay’s total amount raised to $13 million since its inception in 2020.
The round was led by existing investors Accel, with participation from Sequoia Surge, India Quotient, and Snapdeal founders Kunal Bahl and Rohit Bansal.
Powerplay plans to use the funds to scale its core business, fuel its growth, and strategically scale its OS business, both nationally and internationally.
The startup also plans to use the funds to expand its tech team to ensure a glitch-free experience as it scales.
Company: Coffer Internet Services Pvt. Ltd.
Raised: $7.14M
Round: Series A
Funding Month: September 2022
Lead Investors: Accel and Sequoia Surge
Additional Investors: Sequoia Surge, India Quotient, Kunal Bahl, and Rohit Bansal
Company Website: https://www.getpowerplay.in/
Software Category: Construction Management Platform
About the Company: Founded by Iesh Dixit and Shubham Goyal in 2020, Powerplay offers an end-to-end construction management platform. The platform simplifies communication and synergizes collaboration between construction sites and central office teams. The platform is used by specialty contractors, general contractors, and builders to manage site work, materials, and labor. Powerplay offers a free version for the site and office teams' use and sells premium products such as project management, financial management, and procurement management. Its mission is to empower workers in construction with technology to accelerate Indian infrastructure development.
Source: https://www.vccircle.com/accelleads-series-a-round-in-management-platform-powerplay