Supplified.com gets seeded for USD 1 mn from Omaxe’s Mohit Goel

 

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.

No. of services provided by supplified.com

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.

Visit supplified

Nitin Kanwar

Recent Posts

Borrowers to get 1500 crore help from Shishu Mudra loan, know what is the scheme, who can avail benefits

Shishu Mudra Loan Scheme: Union Finance Minister Nirmala Sitharaman gave detailed information about the 20 lakh…

4 years ago

Rs 20 Lakh Crore Package: 25% reduction in TDS rate; Major announcements regarding income tax, PF, relief for these sectors announced

Finance Minister Nirmala Sitharaman made a big announcement on TDC and TCS on Wednesday. she…

4 years ago

People Pouring Money into FD in Lockdown, Paytm Payments Bank crossed Rs 600 crore mark

Paytm Payments Bank Limited said on Friday that it recorded a tremendous increase in fixed…

4 years ago

Right Time for Equity Funds Investments through SIP, Get Highest Returns in Future

Due to the ongoing decline in equity markets, most investors are losing out on SIPs…

4 years ago

Grofers is in Talks to Raise $60-70 Million Amid the Coronavirus Pandemic Outbreak

Hyperlocal delivery startup Grofers in talks to raise fresh funds of $6-$70 Million according to…

4 years ago

3D Printers to Restore Coral Reefs : New Innovation

3D printers help us with a huge number of daily tasks, but until now we…

4 years ago