BuildNext, a Kochi-based home building solutions provider, has raised pre-Series A funding of $3.5 million (around Rs 27.3 crore) led by Madhumala Ventures, a wholly-owned subsidiary of Pidilite Industries.

Existing investors, including Konglo Ventures, Vineet Kumar (CEO of Native) and Deep Gupta (Founder of FatEngine), among others, also participated in the funding round.

The startup plans to use the fresh funds to strengthen its virtual reality technology experience centres and expand its footprints into Bengaluru, Chennai and Coimbatore.

BuildNext | Branded Home Construction Solutions

Founded by Gopikrishnan V and Finaz Naha, BuildNext is an IT-enabled home construction company that offers branded home construction solutions to its customers with the help of robust technology.

Speaking about the development, Gopikrishnan V, Co-founder and CEO of BuildNext, said,

“We have made significant progress in research about designing and building better homes. We have developed objective parameters to decide how good a home design is, and these are put to test repeatedly every day for continuous improvement. With decades of leadership in the space, Pidilite’s guidance on this journey will be a huge asset for us and will enable us to move ahead with confidence.”

BuildNext has Virtual Reality enabled experience centres all over Kerala and Hyderabad and plans to expand to other parts of the country soon.

As per Finaz Naha, Co-founder and COO of BuildNext, the raised funds will help the startup establish a strong presence in South India and help them achieve its goal of adding over 1000 homes to its current portfolio.

Commenting on the development, Apurva Parekh, executive director, Pidilite Industries, said,

“BuildNext’s vision to use technology to improve customer experience has the potential to transform the home construction market.”

Pidilite, a stock market-listed company, manufactures adhesives and glues and has six manufacturing locations in the country. Its brands include Fevicol, Fevikwik, MSeal, and Dr.Fixit.

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