Thursday, August 4, 2022

Tech-Enabled Construction Company Design & Construct Acquires The Better Co. Company’s Total Valuation At Rs 125 Cr

One of India’s leading tech-enabled construction companies, Design and Construct, has acquired a mid-sized construction firm, The Better Co making the group’s valuation Rs 125 cr plus. After the acquisition, the company will be operating under the flagship name of Design and Construct.

Headquartered in Bangalore, Design and Construct which has presence in Hyderabad, Pune and Mysore, has been in the business of construction since 2020 and had raised funding earlier to grow the company further.  The Better Co also founded in 2020 has been specialists in civil construction. With the acquisition, Design and Construct hopes to expand their pan India footprint as well as add to their existing service portfolio. 

Announcing this at a press conference, Mr. Priyadarshi Mishra, Founder-CEO, Design and Construct, said, “We are very excited with this acquisition. By acquiring The Better Co, we will be acquiring the employee talent and skill-sets also, and are very confident that The Better Co, will help smoothen and fasten our global growth plans that we have on the anvil.  We can’t wait to get started with such fusion.”

Commenting about the acquisition, Mr. Fahim Alam, CEO of The Better Co, said, “This is a  memorable moment, and we are happy to be coming together and working under the umbrella of Design and Construct. We hope to strengthen the group by sharing our expertise and adding value to the existing basket of services”.

Acquisition adds to the numbers

This acquisition will result in growth for the group, in ways more than one.  Talking about the numbers , Mr. Gaurav Nanda , CFO – Design and Construct, said “We are happy that the group’s combined valuation will now be Rs 125 crore. We are also hoping to clock twice the turnover in the current financial year as compared to FY 21-22. We have also acquired talent in different verticals, which now makes the employee strength over 300.”

Talking about the synergies between The Better Co and Design and Construct ,Mr Priyadarshi Mishra further stated “ Design and Construct is ready for the expansion plans in tier 2 and tier 3 cities , with our  rich experience  in building end-to-end independent houses, from conceptualizing, designing, constructing, and providing remodelling services to villas, bungalows, duplexes, penthouses, farmhouses, and homes. Our next step is to create a global presence in Dubai, Malaysia, and Singapore. We are developing our SOP’s for expansion in the coming months. Apart from offering tech enabled platforms for individual home construction clients, we are also planning to build a team for on demand services”.

The company intends to set up a high level VR based experience centre across all metros by this year end.  By the end of 2023 Design and Construct intends to build around 1,000 homes.

The company currently has a B2B app for its existing customers which is an advanced e-tracking system providing with real time project tracking without visiting the site. The company is in the process of launching a B2C app which will help customers choose and share from the palates of colours, designs, layouts.

About Design and Construct

Design and Construct is a leading individual construction company that deals with the aspect of end-to-end needs of home and commercial construction such as Interiors, renovation, floor addition and even painting with an option of customizing requirements, creating a synergy between the teams to ensure there is proper coordination. Hence, giving the clients peace of mind as the top talents are working on building the dream home. Whether architects, civil engineers, quality control managers, project coordinators, sales, or marketing, the team members have expertise in all the required areas. The dedicated team is enthusiastic about providing the client with the most exemplary accommodation possible. The company is very conscious of the environment and believes in using sustainable options, highlighting affordability, thereby preventing accidents and reducing the costs of reworks and repairs. Their approach to using reused and recycled products during construction is commendable. Design and Construct have partnerships with famous brands such as Asian Paints, Kajaria, Havells, ACC, etc. Their few ongoing projects are spread around Hyderabad and have completed and handed over turnkey projects in Bangalore.

The Better Co.

The Better Co is a home construction company which helps you build your dream home and do your home interiors on one platform. With an experienced team consisting of Designers, Architects, Engineers, Experience management, Quality assurance, etc., to provide the client with the best home construction possible within the budget.  Quality and experience is the priority over everything else. Serving all client needs of building their dream home within their budget is the speciality. 

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