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Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

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BS Reporter Mumbai
Powerplay, a construction management start-up, has raised $7.14 million funding in A Series-A round that was led by Accel and had participation from Sequoia Surge, India Quotient, and the founders of Snapdeal.

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore.

Since its inception in 2020, Powerplay has raised about $13 million in total. India Quotient was the first institutional investor to take a high conviction contrarian bet on the start-up.

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First Published: Sep 08 2022 | 3:22 PM IST

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