Abeyaantrix Technology, the parent entity of Onsite, a mobile-based application for construction projects, announced it has raised $1.5 million in a seed funding round from Artha Venture Fund, Foundamental and Madhumala Ventures, among other investors, according to ETtech report.
The startup will use the funds for product development and expansion activities, according to a statement. The Delhi-based venture helps small and mid-size construction businesses across 200 cities.
“Our multilingual interface has enabled over 1 lakh businesses to streamline their operations through technology easily and effortlessly,” co-founder and CEO Akshansh Agarwal said in the statement.
“Considering that over 66% of construction companies in India are leaning towards digital transformation, we are confident that Onsite will play an integral role in benchmarking the Indian construction ecosystem with its international counterparts,” said Sipika Nigam, principal at Artha Venture Fund.
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