Sequoia’s Surge, others bet on app for construction management

Early stage venture capital firms Accel and India Quotient and Sequoia Capital’s accelerator Surge have invested in a construction site management app, the platform’s co-founder told VCCircle.

The entities have piled into software as a service (SaaS) app Powerplay, run by Bengaluru-based Coffer Internet Services Pvt. Ltd, Iesh Dixit said without mentioning the investment amount. “We will be looking to improve our product to accelerate towards our vision of digitizing the Indian construction industry by using these funds,” he added.

Sources said the deal value was definitely above $5 million ( ₹37 crore). The investors and Powerplay didn’t respond to queries till press time.