Proptech startup Modulus Housing raises Rs 70 Cr in Series A round

Real estate tech startup Modulus Housing has raised Rs 70 crore ($7.83 million) in its Series A funding round led by Kalaari Capital, Hero, and Samarthya. 

The round also saw participation from SVAS, Sigma, Zetwerk founder Srinath, Sanjiv Rangrass, and other investors. 

This is the company’s first funding from institutional investors.

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The funds will be used to expand Modulus Housing’s presence in India and some global markets, invest in advanced R&D, develop a next-generation concrete modular system, and grow its cloud manufacturing network. The company also plans to extend its green concrete technology for wider infrastructure use.

About Modulus Housing

Founded in 2018 by Shreeram Ravichandran and P. Gobinath, the Chennai-based Modulus Housing builds modular buildings using a factory-made construction model. It works with partner factories through a cloud manufacturing network and uses its own products to make low-rise structures.

Modulus says it operates in over 21 states and has nearly 10 manufacturing plants across India. The startup claims to have completed more than 1,200 projects and counts clients like Indian Oil, Tata Group, and L&T.

A significant portion of its revenue comes from government and private sector projects.

The company says it is profitable, with total revenue exceeding ₹200 crore. Its operating revenue grew 38% to ₹54 crore in FY24 from ₹39 crore the year before. FY25 figures were not disclosed.

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