Nowadays startup are experimenting in entirely new markets either its Aahaa stores for indirect purchases or Homeliv for interior designing. We are living in a global world with several opportunities to endure. Working on this ideology OMAXE’s CEO Mohit Goel along with SPR Buildtech Director Nalin Saluja launched an e-commerce portal supplified.com aiming to tap huge opportunity in unorganised construction materials market. Moreover, it is noteworthy that portal is currently bootstrapped with USD 1 mn.
The portal aims to provide complete construction solution either its raw material or finished goods to retail buyers as well as SME contractors. They provide a common platform for purchasing construction goods from a bag of cement to home decor items along with discounts and price comparisons among a number of brands. Cement, tiles, steel, doors, water purifiers, plants, maintenance supplies you name it and supplified will provide it.
“We have been operating in Delhi NCR markets for the last few months and the initial response that we have received is very encouraging. Hence, we are now entering two new cities — Chandigarh and Ludhiana,” Goel said, adding that these cities are good markets from the realty and construction point of view.
Keeping in mind the size of construction business which is about USD 150 billion annually, the firm is planning to expand to 10 more cities and to achieve Rs 10 crore per month sales. It is seen that supplified witnessed Rs 50 Lakh in February sales only which is a huge amount w.r.t. the last sales as Rs 5, 11, 22 Lakh from Nov. to Jan. respectively.
Besides Supplified, there are some other players in the segment. In January this year, home construction and renovation marketplace Buildzar.com has raised USD 4 million (about Rs 27.22 crore) from Dalmia Cement Bharat MD Puneet Dalmia in pre-Series A funding.
Players are emerging experimenting fighting in a number of segments. Loads of opportunities are there to be tapped and every sector is welcoming with open hands. Something unique is sparked at every second and such firm are emerging. This is how we, our economy and our nation develop.