How Much Did BuildNext Raise? Funding & Key Investors

BuildNext has successfully raised funding over two rounds, with the latest being a Seed round involving five investors, including Pidilite Industries Limited as the lead investor. The company is making strides in the construction and building materials sector, leveraging technology to enhance its offerings.

Keep reading to explore the intricacies of BuildNext's fundraising journey and the investors backing this innovative platform.

What Is BuildNext?

BuildNext is a tech-enabled branded home builder based in Kochi, Kerala, India. The company operates in various sectors including B2B, B2C, building materials, construction, information technology, logistics, procurement, project management, and supply chain management.

With a workforce of 51-100 employees, BuildNext focuses on crafting homes with a blend of love and data, emphasizing liveability, quality construction, and the use of technology. The company offers advanced services like virtual reality walkthroughs and app-based project tracking to ensure a seamless and transparent construction experience.

How Much Funding Has BuildNext Raised?

1. Pre-Seed Round
   • Amount Raised: USD 30,000
   • Date: January 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage development and market entry.
2. Seed Round
   • Amount Raised: USD 3,500,000
   • Date: July 2022
   • Lead Investors: Pidilite Industries Limited
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand R&D capabilities, upgrade VR tech experience centers, and expand into new markets.

Total Amount Raised: USD 3,530,000. Current Valuation: Not publicly disclosed.

Key Investors

• Pidilite Industries Limited
  • Details: Pidilite Industries Limited is a leading manufacturer of adhesives, sealants, and construction chemicals in India. It has been a key investor in BuildNext, participating in the seed funding rounds.
  • Investment Focus Areas: Adhesives, sealants, construction chemicals.
  • Notable Investments: Not publicly disclosed.
• Konglo Ventures
  • Details: Konglo Ventures is an existing investor in BuildNext. Specific details about the firm are not provided in the sources.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• FatEngine
  • Details: FatEngine is another existing investor in BuildNext. Specific details about the firm are not provided in the sources.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Vineet Kumar
  • Details: Vineet Kumar is an individual investor in BuildNext. Specific details about his background are not provided in the sources.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Madhumala Ventures
  • Details: Madhumala Ventures is a subsidiary of Pidilite Industries. It has been involved in the recent funding rounds for BuildNext.
  • Investment Focus Areas: Construction, home improvement.
  • Notable Investments: Not publicly disclosed.

What's Next for BuildNext?

BuildNext is poised for significant growth as it expands into new markets like Bengaluru, Chennai, and Coimbatore. The company plans to enhance its R&D capabilities and upgrade its Virtual Reality technology experience centers, offering a unique and efficient home-building experience.

With the Indian real estate market expected to reach $1 trillion by 2030, BuildNext has ample opportunities for future fundraising. The growing interest in proptech and the projected $1 billion investment in the industry by 2025 suggest that BuildNext could attract further investment rounds.

However, the company faces challenges such as competition from established players and managing the complexities of rapid geographic expansion. Ensuring continuous innovation in technology will be crucial for BuildNext to stay ahead in the competitive landscape.

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