2018
Bengaluru (India)
Series A
Brick&Bolt is a Bengaluru-based tech-enabled construction company revolutionizing the construction industry in India. The company operates as an e-commerce marketplace for end-to-end construction services, offering solutions that range from design to execution. It serves both residential and commercial construction needs while addressing challenges such as lack of transparency, inefficiency, and unpredictable costs in the traditional construction process.
Comprehensive construction services, including home building, renovations, interiors, and landscaping.
Over 6,000 customizable floor plans and a trademarked Quality Assessment System (QASCON) with 470+ quality checks.
A unique ESCROW payment mechanism ensuring 100% money safety.
Technology-driven solutions like immersive experience centers and advanced cost estimators for accurate budgeting.
Brick&Bolt operates on a hybrid business model combining marketplace commissions and direct service delivery. Its primary revenue streams include:
Project Management Fees: Constitutes around 52% of its operating income by charging commissions on projects managed through its platform.
Material Supply Sales: Accounts for 48% of revenue by offering construction materials directly to customers.
Additional Income Streams: Includes interest and gains from financial assets.
Customer Segmentation:
B2C Market: Homeowners seeking reliable and transparent construction services.
B2B Market: Businesses requiring commercial space construction or renovations.
Niche Segments: Specialized services like assisted living projects.
Brick&Bolt’s growth strategy focuses on:
Geographical Expansion: Plans to operate in 25+ cities, including Jaipur, Coimbatore, Kolkata, and Ahmedabad.
Service Diversification: Expanding into non-residential projects and joint ventures.
Technology Integration: Launching advanced tools like cost estimators and immersive experience centers across metros.
Partnerships: Collaborating with architects, contractors, and suppliers to enhance service quality.
Unlike competitors such as Infra.Market that cater exclusively to builders, Brick&Bolt’s customer-centric approach targets both individual homeowners and businesses. Its unique value proposition lies in its emphasis on transparency (ESCROW payments) and quality assurance (QASCON), setting it apart in the tech-enabled construction space.
Brick&Bolt aims to complete over 25,000 units within the next two years while expanding its portfolio of services. With a strong emphasis on innovation, sustainability, and customer satisfaction, the company is poised to redefine the Indian construction landscape further.
$20.8 Million
6
$4.8 Million, Series A
as of February 29, 2024
$36.1 Million
as of October 29, 2024
0.575
as of October 29, 2024
Accel
and 7 more593
Yojak
-
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
February 29, 2024 | Series A | $4.8 Million | $36.1 Million | $5.2 Million | - | Accel, Sequoia Capital, Celesta Capital Corporate: Timesgroup |
January 2, 2023 | Series A | $10.0 Million | - | $2.8 Million | - | Accel, Celesta Capital, Cilix Capital. |
May 9, 2022 | Series A | $1.7 Million | $34.2 Million | $2.1 Million | - | Sequoia Capital, Foundamental, Stride Ventures , HDFC Capital. |
August 27, 2020 | Series A | $2.2 Million | $27.0 Million | $745.0 K | 33.1x | Foundamental |
October 9, 2019 | Seed | $1.5 Million | $8.1 Million | $278.0 K | 23.8x | Surge, Sequoia Capital |