Construction Industry News
Construction start-ups in India are basking in the sun as the industry looks for new technologies to improve the delivery of infrastructure and real estate projects.
The year 2020 was an exhaustion for many companies, but certainly not for Indian construction tech startups. According to data from Tracxn (see chart), a record 18 startups in the segment received equity injections, although the flow of $0.241 billion (billion) of shares into the segment was lower than the all-time high. $1,050 billion in 2018. 2021 promises to outperform last year, with nine startups already receiving $0.723 billion in equity financing.
If you look at the global picture, which is important because foreign construction technology startups such as Katerra and Briq are operating in India, construction technology is one of the most active sectors for investors, with total equity financing of $16.5 billion in 1K+ companies, according to Tracxn. More than half of this has been collected in the past three years (2019-2021 to date).
What's attracting investors to construction tech startups?
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