Onsite, a contractor management platform, has marked the final close of the seed round at $1.5 million (around Rs 12 crore). Artha Venture Fund, Foundamental, and Madhumala Ventures, among others, also participated in the funding round.
As per the New Delhi-based firm, the raised funds will be deployed to boost its product portfolio and expand marketing operations.
Onsite | Manage All Your Construction Projects
Founded by Akshansh Agarwal, Sumit Garg and Dheeraj Anand in March 2021, Onsite is a mobile-based application to manage all types of construction projects in a very simple and efficient manner.
The startup aims to digitise India’s construction market and solve pain points such as continued industry fragmentation, lack of transparency and high operational inefficiencies.
Speaking about the development, Akshansh Agarwal, Co-founder of Onsite, said,
“Onsite addresses the challenges of the construction industry by empowering the mid-sized construction businesses that are the backbone of the industry. Our multi-lingual interface has enabled over one lakh businesses to streamline their operations through technology, easily and effortlessly.”
The key features of the onsite app currently include Task Management, Labor and Raw Material tracking, Site Expense tracking, Design viewing and Reporting. These features directly help the contractors and the construction companies improve labour efficiency, reduce pilferage at work sites, reduce work errors and a lot more – resulting in better profits, scalability and customer experience.
As per the startup, more than one lakh contractors are using its mobile app, which is available in seven different languages. Contractors working across interiors, public works departments, building construction, railways and road projects use the Onsite app.
Commenting on the development, Sipika Nigam, principal at Artha Venture Fund, said,
“Considering that over 66% of construction companies in India are leaning towards digital transformation, we are confident that Onsite will play an integral role in benchmarking the Indian construction ecosystem with its international counterparts.”
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