Tech enabled construction company, Brick&Bolt, launches operations in Hyderabad

Tech enabled construction company, Brick&Bolt, launches operations in Hyderabad
By , ET Bureau
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Synopsis

During Covid 2.0, Brick&Bolt introduced ‘Contactless Construction’ to ensure customers’ safety through social distancing while simultaneously allowing them to track the progress of their homes through its tech platform.

Agencies
The company raised $1.5 million in a pre-Series A funding round, led by Sequoia India’s scale-up programme, Surge, in February 2020. In August 2020, Brick&Bolt saw an additional raise of $2.20 million from Germany-based venture capital firm Foundamental.
Jayesh Rajpurohit, Co-Founder and CEO, Brick&Bolt, said, “We have grown 2X times this year as compared to last year, and this speaks of the trust our customers put in us. We are constantly looking to expand and serve more geographies”.

He further added, “Hyderabad is one step further in our vision of bringing tech-enabled construction to all Indian cities. We have seen from experience that for customers, value is derived not only from saving money but also from saving time, improving processes and making the entire construction hassle-free”.

During Covid 2.0, Brick&Bolt introduced ‘Contactless Construction’ to ensure customers’ safety through social distancing while simultaneously allowing them to track the progress of their homes through its tech platform.

In the last three years, Brick&Bolt has recorded 1400% growth. The firm has completed over 150 projects in Bengaluru and Mysore and plans to expand in 4 more cities in the next two years and over 25 towns in the next five years. The firm is currently working with over 700 customers in Bangalore and Mysore.

The company raised $1.5 million in a pre-Series A funding round, led by Sequoia India’s scale-up programme, Surge, in February 2020. In August 2020, Brick&Bolt saw an additional raise of $2.20 million from Germany-based venture capital firm Foundamental.

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