Thursday, March 28

Tag: construction materials startup

New Delhi Based Rootify Raises Rs 1.2Cr Seed Funding
FUNDING

New Delhi Based Rootify Raises Rs 1.2Cr Seed Funding

Delhi based Rootefy, a Rootefy International Pvt Ltd, a construction materials marketplace, has raised seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group. Founded by Nitish Gupta and Manish Kishore in April last year, it has recently raised a funding of Rs 1.2 crore (around $187,285). It will use the funds for infrastructure building, technology development, and team expansion, the founders said as per the source VCCircle. This marks Abhinav's first investment in a startup which  is closely aligned with his work. He is, however, keen on investing in startups in other sectors such as fin-tech as well, he said. “Gaining from my experience in the construction industry, I believe that Rootefy will give a kick-start to change the unorganised sector to b...