Brick&Bolt

Brick&Bolt

Provider of design-to-build construction services

Founded

2018

Headquarters

Bengaluru (India)

Status

Series A

Company Details

Website

Socials

Email

Phone

+91 - 7505205205

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.

Core Offerings and Value Proposition

  • 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.

Business Model & Revenue Streams

Brick&Bolt operates on a hybrid business model combining marketplace commissions and direct service delivery. Its primary revenue streams include:

  1. Project Management Fees: Constitutes around 52% of its operating income by charging commissions on projects managed through its platform.

  2. Material Supply Sales: Accounts for 48% of revenue by offering construction materials directly to customers.

  3. 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.

Growth Strategy

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.

Comparison with Competitors

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.

Future Outlook

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.

Key People

Jayesh Rajpurohit

Arpit Rajpurohit

Key Metrics

Total Equity Funding

$20.8 Million

No. of Funding Rounds

6

Latest Funding Round

$4.8 Million, Series A

as of February 29, 2024

Post Money Valuation

$36.1 Million

as of October 29, 2024

Funding Multiple

0.575

as of October 29, 2024

Investors

Accel

and 7 more

Employee Count

593

Similar Companies

Yojak

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
February 29, 2024Series 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, 2022Series A$1.7 Million$34.2 Million$2.1 Million- Sequoia Capital, Foundamental, Stride Ventures , HDFC Capital.
August 27, 2020Series A$2.2 Million$27.0 Million$745.0 K33.1xFoundamental
October 9, 2019Seed$1.5 Million$8.1 Million$278.0 K23.8xSurge, Sequoia Capital

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