buildstreet.com

  • Chennai, India
  • Real Estate, B2B Marketplace, Hyperlocal Marketplace, Construction Materials Procurement

marketplace for construction material procurement through reverse bidding and demand aggregation

Founded:
2015
Stage:
Early Revenues
Market:
B2B

Startup Video

Featured


Founded

Company was filed for incorporations

May

2015

New Product Release

Beta product launch. The product was under development since Jan 1, 2015

Jun

New Team Member

8 member field sales team and 2 member telecalling team appointed

Feb

2016

Customer

100 registered customers

Mar

Customer

300 registered customers and counting

Apr

First Revenues

Date of first revenue transaction

Apr

Rs. 20 lac gross revenue

Clocked Rs. 20 lac GSV and Rs.33 K in commissions through 50 active customers

May

100 transactions completed

100 transactions completed at an average 3 transactions per day

May

Rs.40 lacs closing GMV runrate

Completed Rs.40 lacs in transactions value during June. July target of Rs.1 crs

Jun

250 transactions completed

Completed 250 transactions since commencement of operations.

Jul

Jobs


Team Summary

Pradeep K- An IIM- Ahmedabad graduate, with over 7 years experience in Strategy, operations, finance and technology
Rajkumar N - An IT engineer and start up enthusiast; over 8 years of product development
Sethumadhavan B- Seasoned BD professional with expertise in channel management and concept selling

Team


    • Sethu Madhavan

    • Head - Business Development

    • Rajkumar Nagarajan

    • Founder

Product/Service Summary

A market place for construction materials procurement based on demand side aggregation and reverse bidding on the supply side. Sell everything from cement, steel, sand, bricks, sanitiaryware, electricals, etc,.
500 plus registered customers with over 50 active customers and 500 plus sellers across product categories Completed 100+ transactions with an average transaction size of Rs.20,000, within a 45 days period since commencement of first revenues on April 12, 2016. Average Product Margins through commission/trade is 3-5 per cent.

How are we different?

- Adopting reverse bidding to improve price efficiency for procurement
- Aggregation at the customer side will facilitate retail purchase at wholesale prices and customer retention
- conceptualising easy finance (thorugh NBFC) to convert credit sales to spot payment (same as bills discounting) which will ensure customer engagement and retention
- Fast track customer acquisition by liaising with construction associations and private home financing agencies

Product/Service Descriptions