Bengaluru-based construction management app Powerplay raised $5.2 million in a funding round on July 9, 2021, led by Accel Partners and Surge, a brisk scale-up programme by Sequoia Capital India for startups in Southeast Asia and India. India-Quotient and Snapdeal founders were also witnessed participating in the investment round.
From connecting multiple stakeholders associated with construction and allowing them to collaborate more efficiently, Powerplay is a free mobile application launched in October 2020. Project administrators, workers, and partners can use this one-stop program to track their progress, deliverables, amounts and streamline the often multi-stakeholder project management process.
The construction market in India is the country’s second-largest patron to GDP and currently engages 16% of the labouring population. Still, significantly fewer tech solutions have risen to help digitise the construction methods—a requirement that the pandemic has hastened, the company appended.
Beyond that, contractors, who still rely on pen, paper, and Whatsapp to follow up and struggle to manage visibility over many stakeholders’ work, are dominated by contractors causing construction projects to face expensive setbacks often when initial budget estimates go wrong.
With the Powerplay app, contractors can map their project completion rate and use it to track operators’ attendance, budgeting, invoicing, and issues and material management.
Currently used by over 35,000 contractors across 800 Indian cities,
The app professes to have developed swiftly. Over 5,000+ projects have been conducted on the app, with more than 200 hours reportedly saved each week by constructors.
What the CEO has to say
5Iesh Dixit, Powerplay founder and CEO, said, “Powerplay comes at a time when the construction market is ripe for digital disruption. By empowering construction workers & contractors with this sort of tech, we stimulate the growth of crucial infrastructure required for commercial and social progress. We’re devoted to keeping learning from our users and will be dedicating the new investments into creating a world-class team and product improvements to digitise the market step-by-step”.
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