Thursday, February 2, 2023
HomeInsightFunding Alert Proptech Platform Brick&Bolt Secures $10 mn from Accel, Others

[Funding alert] Proptech Platform Brick&Bolt Secures $10 mn from Accel, Others

Bengaluru-based startup Brick&Bolt has raised $10 million in partnership with global venture capital firms Accel and Celesta Capital.

Bengaluru-based startup Brick&Bolt has raised $10 million in partnership with global venture capital firms Accel and Celesta Capital.

During the Series A2 round, Cilix Capital, an international investment banking business, provided advisory services. The company has raised a total of $16 million from this investment round. Earlier, the company had raised around $6 million, as per reported by Yourstory.

Read also – [Funding alert] Edtech startup Toddle raises $17 mn from Sequoia Capital India, others

Jayesh Rajpurohit, Co-founder of Brick&Bolt, said, “We are extremely pleased to onboard seasoned investors, including Accel and Celesta Capital, as valuable partners in our journey to expansion.”

Brick&Bolt said the fund will use the next 15 months to enhance its technology stack, strengthen its leadership team and expand to more than 12 cities.

Read also – [Funding alert] MindPeers Raises $500K Seed Funding From Venture Catalysts

The business offers a full range of services, including building materials, commercial construction, and house construction. Modern techniques and procedures are used by the e-commerce platform Brick&Bolt to make residential and commercial buildings for customers easy, transparent, and reliable.

“The Brick&Bolt platform streamlines the entire process by bringing it together on a single platform. Celesta has extensive experience investing in companies that disrupt the construction industry so we are excited to be able to share our learnings to help make Brick&Bolt India’s go-to platform for custom-built housing,” said Sudhir Rao, Managing Partner, India, at Celesta Capital.

About Brick&Bolt

Brick&Bolt is an e-commerce platform that uses cutting-edge technology, modern systems, and procedures to make residential and commercial building for customers completely straightforward, transparent, and dependable.

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