Mad Over Buildings (MOB) Raises Rs 6 Crore to Transform Construction Tech
Mad Over Buildings (MOB), a fintech-enabled B2B e-commerce platform renowned for its focus on building materials, has successfully secured Rs 6 crore in a seed funding round, spearheaded by SIG Tattva. The funds will be directed towards enhancing distribution networks, boosting market penetration, and expanding its reach within India’s rapidly evolving construction ecosystem, according to a recent press statement.
Established in 2021 by Kumar Vivek, Mad Over Buildings (MOB) is set to scale its curated Line-of-Credit, escrow-backed payment system, and a comprehensive material catalogue that includes sustainable construction and interior materials. The platform aims to revolutionise the way architects, contractors, and developers engage digitally, focusing on transparency and efficiency.
Innovative Financial Solutions
MOB states that its tech-driven Line of Credit for secondary and tertiary sales, along with its escrow-backed marketplace, effectively tackles the financing obstacles faced by smaller distributors and retailers. This innovation enhances liquidity and facilitates seamless transactions within the sector. The platform specifically targets emerging architects, contractors, and builders, tapping into a significant market opportunity.
Creating a Unique Marketplace
MOB is poised to introduce the nation’s first curated Line-of-Credit and escrow-backed marketplace, integrating a diverse range of categories from civil materials to sustainable and interior solutions within a unified, transparent ecosystem. Kumar Vivek, the founder, expressed confidence that this initiative represents a critical turning point for India’s Construction Tech landscape, consolidating capital, technology, and trust to generate substantial value in the coming decade.
Support from SIG Tattva
SIG Tattva, the corporate venture capital arm of Somany Impresa Group, is dedicated to supporting visionary founders and innovative startups. The firm concentrates on early-stage ventures across deep-tech manufacturing, enterprise SaaS, clean technologies, next-generation e-commerce, and disruptive product innovations. By providing strategic direction, industry access, and operational expertise, SIG Tattva empowers startups to thrive.