Bengaluru-based construction management app Powerplay has raised $5.2 million in funding led by Accel Partners and Surge, a rapid scale-up programme by Sequoia Capital India for startups in India and Southeast Asia. India Quotient and Snapdeal founders also participated in the round.
The Bengaluru-headquartered startup aims to digitise India’s massive construction industry, where the sector is expected to become the third-largest globally by 2025 and grow by 7.1 percent each year.
