BuildNext raises $3.5 mn in funding round led by Pidilite

A Kochi-based tech-enabled home builder, BuildNext, has raised $3.5 million in a 'pre-series A' funding led by Pidilite Industries. BuildNext has also secured funding from existing investors Konglo Ventures and FatEngine. The company aims to 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 also plans to expand into new markets Bengaluru, Chennai and Coimbatore while strengthening its foothold in its existing ones. 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. We have made significant progress in research about designing and building better homes, Gopi Krishnan, Co-founder and CEO of BuildNext said. BuildNext identifies its target market as 1-5 floor single or multi-family residential projects starting at 1,500 sq ft in area per home. It offers a premium building experience to customers right from design to handover, including complete customisation, VR walkthroughs, and ergonomic and aesthetic designs for day-to-day activities.Also read: Homebuilder confidence in US drops at 11-month low in July