Kolo, an India-based home construction marketplace, has raised $4m in a seed funding round. Venture capital firm RTP Global and existing investor Better Capital participated in this round. The fresh injection of capital will be used to boost Kolo’s footprint, hire talent and expand its products. The firm experienced a 10X growth since its last fundraising and expanded to other cities of India including Delhi, Madhya Pradesh, and Rajasthan, reported Press Trust of India. The company was founded in 2020 by Jery Althaf, Pranav Garg, Aayush Sharda and Vivek Mittal. The start-up’s content community mobile app supports homeowners with home interior designs and get services of interior designers, architects, 3D and CAD experts, and other home construction workers such as painters. For professionals, the app helps them in creating a digital portfolio and sharing their work videos, photos and expertise with homeowners. Jery Althaf said, “Firstly, consumers want to be involved in their renovation projects given the amount of money they spend and since the decision has a lasting impact on how they live. Secondly, the influence of the media in driving transaction decisions.” Kolo raised $550K in a pre-seed funding round last September. This round was led by Better Capital and had seen participation from Singularity Ventures, and angel investors including Aldi Haryopratomo, Aakash from Jiva.ag, Sujayath from Shopup, Rajesh Sawhney from GSF, and Vir Kasyap from Babajobs, reported Inc42
——————————————————————————————————————- Image: The start-up’s content community mobile app supports homeowners with home interior designs. Credit: giovanni gargiulo from Pixabay.
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