Powerplay, Construction Management App Raises Funding $5.2M From Sequoia’s Surge And Accel Partners
- ByStartupStory | July 9, 2021
Powerplay, construction management app raises funding $5.2 million in funding led by Accel Partners and Surge, a rapid scale-up programme by Sequoia Capital India for startups in India and Southeast Asia. India Quotient and Snapdeal founders also participated in the round. The benagluru based startup aims to digitise India’s massive construction industry, where the sector is expected to become the third-largest globally by 2025 and grow by 7.1 percent each year.
Lesh Dixit, Powerplay Founder and CEO said, “Powerplay comes at a time when the construction industry in India is ripe for digital disruption. By empowering construction workers and contractors with technology, we are driving the growth of crucial infrastructure required for economic and social progress in the country,” further adding, “We’re committed to keep learning from our users, and we will be dedicating the new funding into building a world-class team and product improvements to digitise the industry, one step at a time.”
Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently. Project managers, workers, and partners can use this one-stop platform to help them track their progress, deliverables, and payments, as well as streamline the often complex and multi-stakeholder project management process.
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