IIT Madras-Incubated Modulus Housing Closes ₹70 Crore Series A, Targeting International Markets with Modular Green Tech
What is the news?
Modulus Housing, a pioneering PropTech startup headquartered in Chennai, has announced a successful Series A funding round, securing ₹70 Crore (approximately $7.8 million). The investment was led by prominent firms including Kalaari Capital, Hero, and Samarthya. Founded by Shreeram Ravichandran and P Gobinath, the company is focused on revolutionizing the construction sector through its unique factory-made modular building approach, powered by a cloud manufacturing network. This major funding news marks the company’s first institutional round and validates its profitable business model and high growth potential.
Why is it interesting?
A key focus is accelerating market expansion, specifically targeting select international markets where their affordable, rapidly deployable infrastructure solutions are in high demand. This is underpinned by a strong track record, having delivered over 1,500 buildings across India and parts of Africa, including critical infrastructure like modular hospitals. This expansion demonstrates how Indian origin founders are building scalable solutions for global needs.
Furthermore, a significant portion of the funds will be dedicated to advanced research and development, particularly for strengthening their proprietary green-concrete technology. By focusing on sustainability and efficiency in construction, Modulus Housing exemplifies innovation within the founders community and establishes India as a center for practical, tech-driven solutions to worldwide infrastructure deficits.
Read more: Proptech Startup Modulus Housing Secures Rs 70 Cr in Series A Funding – Indian Startup Times