January 15, 2021

renewate: Contractor digitization startup ReNEWate raises pre-seed funding led by Higher Capital



MUMBAI: Renewate Infrastructure Applied sciences Pvt Ltd, a Pune primarily based deep-tech startup, introduced an undisclosed quantity in a pre-seed funding spherical led by Higher Capital. The funding will enable ReNEWate to broaden its product choices, speed up progress and broaden its presence all through India.

Based by husband-wife duo Debashree and Supratik Ghatak, ReNEWate helps renovation contractors, property enchancment professionals and businesses to handle their enterprise digitally. With Renewate contractors and designers get instruments of their palms to transform requests into tasks sooner. Renewate’s product have with AR and AI with native language assist.

India’s property enchancment market is upwards of $50 billion yearly. Renewate goals to empower its customers to go from an unorganized course of to a digitally-planned method powered by their app. The founding staff has expertise in each the true property and know-how domains, having labored with world companies within the areas of software program know-how, cloud computing, AI, architectural and inside design, undertaking administration, provide chain administration in addition to materials choice, cataloging and software.

In a press release, Debashree Ghatak stated, “We wish to take away the ache factors that contractors and professionals face. Many contractors are on the backside of the pyramid on the subject of literacy however up the chain on the subject of showcasing high-value ability units. With this know-how they are often empowered to take management of their enterprise.”

“Many property enchancment professionals & contractors are utilizing archaic strategies for working their companies, dropping time in addition to income. Renewate helps them with their mobile-first vernacular-first app that brings easy instruments to assist them work smarter,” stated Vaibhav Domkundwar of Higher Capital in a press release.