BuildNext raises $3.5 million funding

New Delhi, July 7, 2022 – BuildNext, a Kochi based tech-enabled homebuilder has raised
$ 3.5 million in a ‘pre-series A’ funding led by Pidilite Industries’ wholly owned subsidiary –
Madhumala Ventures. BuildNext has also secured funding from existing investors Konglo
Ventures, Vineet Kumar (CEO, Native) and Deep Gupta (FatEngine) among others.

A press release issued by the company says that BuildNext will use the capital from the
latest round of funding to further expand its R&D capabilities and upgrade its Virtual Reality
technology experience centres. It will also expand into new markets Bengaluru, Chennai and
Coimbatore while strengthening its foothold in its existing markets. 

“We are excited to have Pidilite as one of our key investors. Our aim is to use our custom technology platform to drive transparency and overcome inefficiencies in the entire process of constructing and designing a house. 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.” emphasizes Gopi Krishnan, Co-founder and CEO, BuildNext.

“Pidilite’s faith in us is a strong reinforcement of our vision and plans. These funds will help us establish a strong presence in South India, and help us achieve our goal of adding 1000+ homes to our current portfolio.” informed Finaz Naha, Co-founder and COO, BuildNext.

Apurva Parekh, Executive Director, Pidilite Industries said, “We are happy to back BuildNext and be a part of their growth story. BuildNext’s a vision to use technology to improve customer experience has the potential to transform the home construction market.”