Construction management app Powerplay said on Friday that it has raised $5.2 million in funding led by Accel Partners and Sequoia Capital India's accelerator program, Surge.
According to the company, it will use the funding to build its team and enhance the product experience.
The two-year-old startup's mobile app connects multiple stakeholders involved in construction, allowing them to communicate and collaborate more efficiently.
Project managers, workers, and partners can use the Powerplay’s platform to help them track progress, deliverables and payments, as well as to simplify the often complex, multi-stakeholder project management process.
"Powerplay comes at a time when the Indian construction industry is maturing for digital disruption. By empowering construction workers and contractors with technology, we are driving the growth of critical infrastructure necessary for economic and social progress of the country, "said Powerplay founder and chief executive officer, Iesh Dixit.
With the Powerplay app, contractors can chart their project completion progress as well as use the platform to track employee attendance, budgeting, and invoicing as well as issues and material management.
According to the company, India's construction sector is the second largest contributor to the country's GDP and currently employs 16% of the working population.
However, very few tech solutions have emerged to help digitize the construction process, a need that has been accelerated by the pandemic, the company added.
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