Join our Waitlist for Expert Advice!

Construction Management App Powerplay Raises $5.2 Mn Funding The startup aims to digitize India's massive construction industry, where the sector is expected to become the third largest globally by 2025 and grow by 7.1 per cent each year

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Powerplay

Bengaluru-based construction management app Powerplay on Friday announced to have raised $5.2 million in funding led by Accel Partners and Surge, a scale-up program by Sequoia Capital India for startups in India and Southeast Asia. India Quotient and Snapdeal founders also participated in the round.

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.

"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. We're committed to keep learning from our users, and will be dedicating the new funding into building a world-class team and product improvements to digitize the industry one step at a time," said Iesh Dixit, founder, and chief executive officer, Powerplay.

With the Powerplay app, contractors can not only chart their project completion progress but use it to track employee attendance, budgeting, and invoicing, as well as issues and material management. Powerplay is an operating system for all construction stakeholders (builders, contractors, and subcontractors) to build projects of all sizes, from tallest buildings to longest roads.

Powerplay is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live, and learn better in a rapidly evolving Southeast Asian landscape, the platform shared.

The construction sector in India is the country's second-largest contributor to GDP, and currently employs 16 per cent of the working population. Yet, very few tech solutions have emerged to help digitize the construction process—a need that has been accelerated by the pandemic. Above that, the industry is dominated by small and medium contractors, who still rely on pen, paper, and WhatsApp to track progress and struggle to maintain visibility over the work of so many stakeholders involved. As a result, construction projects often face very costly delays when initial time and budget estimates go wrong.

Prabhjeet Bhatla

Former Staff

Business News

Doctors Are Using AI to Transcribe Conversations With Patients. But Researchers Say the Tool Is Hallucinating 'Entire' Sentences.

The tool malfunctioned 312 times in one study, leading to concerns about bias and misdiagnoses.

Culture

How to Ensure Ethical and Professional Business Practices with Your PR Firm

Choosing a PR firm is a personal decision. But it's also one that should be driven by serious considerations and fair assessments of professionalism. Here's some advice from a PR pro on how to make the best choice for your business.

Business News

A Wells Fargo Worker Was Discovered 4 Days After Dying at Her Desk. Her Cause of Death Was Just Revealed.

Medical examiners have released the cause of death of Denise Prudhomme, who was found dead at her desk in Wells Fargo's Tempe, Ariz. office.

Leadership

5 Ways to Get Real Freedom as a Business Owner (Without Surrendering Control)

Use these five strategies to attain true freedom and shift your focus from daily operations to long-term business growth and personal time.

Business News

A Carpenter of 56 Years Is Retiring After He Found $20 on Ground and Turned It Into a $1 Million Lottery Win

The winner, Jerry Hicks, told the North Carolina lottery that the gas station was out of the tickets he usually buys.