What is Modulus Housing's next step after raising $7.83 million?

Modulus Housing plans to use the funding for market expansion in India and globally, and for advanced R&D, including a new concrete modular system.

When was Modulus Housing founded and is it profitable?

Modulus Housing was founded in 2018 out of IIT Madras and has grown into a profitable business with cumulative revenue exceeding Rs 200 crore.

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Modulus Housing Secures $7.83M for Global Expansion

Q: Who are the investors in Modulus Housing's Series A round?

The Series A round was led by Kalaari Capital, Hero, and Samarthya, with participation from SVAS, Sigma, and others.

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Summary

Modulus Housing raised $7.83 million in Series A funding.
The startup will use funds for expansion and R&D.
Founded in 2018, the company is already profitable.

Modulus Housing Secures $7.83M for Global Expansion

Chennai-based Modulus Housing has announced the successful closure of its Series A funding round, securing $7.83 million. The investment, led by Kalaari Capital, Hero, and Samarthya, with participation from other notable investors, signals a strong belief in the company's innovative approach to construction.

The raised capital will be strategically deployed to fuel aggressive market expansion both within India and internationally. A significant portion will also be dedicated to advanced research and development, including the upcoming launch of a next-generation concrete modular system, aiming to revolutionize the construction industry with efficient, scalable solutions.

Founded out of IIT Madras in 2018, Modulus Housing has demonstrated impressive growth, evolving from a bootstrapped venture to a profitable business with cumulative revenues exceeding Rs 200 crore. The company's focus on lightweight, green concrete technology and a decentralized cloud manufacturing model positions it to meet the growing demand for modular infrastructure.