Puneet Dalmia invests $4 million in Buildzar
Gurgaon, India | Red Newswire | Jan 27, 2016 Last Updated at 6:00 PM IST.
Buildzar, the e-commerce portal for construction materials has raised $4 million from Puneet Dalmia, MD of the Dalmia Group. CEO of Buildzar, Vineet Singh said, “The funding will be used for team expansion, product enhancement and marketing activities.”
Buildzar is owned by Glow Home Technologies Pvt. Ltd and was founded in 2015 by Vineet Singh, Swapnil Tripathi and Vivek Sinha. The portal offers construction materials including steel, bathroom fittings, sand, tiles, RMX, cement, paints, bricks, blocks, water tanks, stone aggregates and electrical equipment.
The portal showcases over 1,00,000 products from over 1,000 brands. the Gurgaon-based startup currently operates in Delhi-NCR and 350 vendors are listed on its site. The company plans to expand to Chennai, Hyderabad and Bengaluru this year.