BuildNext, a Kochi based tech-enabled homebuilder has raised $3.5 million in its pre-series A round led by Pidilite Industries’ wholly owned subsidiary – Madhumala Ventures. BuildNext has also secured funding from existing investors Konglo Ventures, Vineet Kumar and Deep Gupta (FatEngine) among others.
BuildNext will use the capital from the latest round of funding to expand its R&D and upgrade its Virtual Reality technology experience centres. It will also expand into new markets Bengaluru, Chennai and Coimbatore.
The firm was founded in 2015 by Gopikrishnan V and Finaz Naha.