PE-VC Fund Investments
Constructions materials marketplace Mad Over Buildings raises Rs.6-Cr led by SIG Tattva
Bengaluru-based fintech-enabled B2B e-commerce platform specializing in building materials, Mad Over Buildings (MOB) has raised INR 6 crore in a seed funding round led by SIG Tattva.Founded in 2021 by Kumar Vivek, MOB provides an online marketplace for construction and interior materials, along with a fintech-enabled line-of-credit for architects, contractors, and builders to simplify and streamline the procurement process.The new funds will be used to expand its distribution networks, accelerate market penetration, and grow its presence across India's construction ecosystem. The company also aims to scale its curated Line-of-Credit, escrow-backed payment system, and full-stack material catalogue.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
