Onsite, a New Delhi, India-based contractor management platform provider, raised $1.5m in Series A funding.
The round was led by Foundamental with participation from Artha Venture Fund, Redbay Ventures, Madhumala Ventures, as well as angel investment from Rahul Garg (Moglix), Varun Alagh (Mamaearth), Abhishek Goyal (Tracxn), Tonmoy Shingal (Mettl), Manish Kumar (KredX), Ravi Garikapati (Davinta), Kunal (Glowroad), Ashish Sharma (Innoven), Pankaj Raina, Archit Rathi, Prashan Agarwal, Sandeep Saboo, Manvi Chandak.
The company intends to use the funds to further develop the platform, as well as to expand the technology team.
Founded in March 2021 by Akshansh Agarwal, Sumit Garg, and Dheeraj Anand, Onsite is a business solution for the contractors who connect site and office teams. It takes a contractor-first view of construction, automating regular tasks to ensure that project operations and finances are in complete sync. The technology is powered with data analytics capabilities, driving the business towards better cash flow management and higher profits for contractors.
The mobile app is a cloud-based platform that today empowers 100,000+ contractors in financial tracking and team collaboration. The product is available in 7 different languages and is used by contractors working across interiors, building construction, PWD, railways, and road projects.
FinSMEs
02/09/2022