A seed funding round led by SIG Tattva has raised Rs 6 crore for Mad Over Buildings (MOB), a fintech-enabled B2B e-commerce platform that specializes in building materials.
Key Highlights
- Mad Over Buildings (MOB) secured an ₹6 crore seed investment led by SIG Tattva to enhance its fintech-enabled B2B marketplace.
- MOB’s platform offers ESCrow-backed credit and distribution solutions for building material distributors and retailers, leveraging the investor’s distribution network.
According to a press release from MOB, the money will be used to build distribution networks, quicken market penetration, and increase its presence throughout India's rapidly expanding construction industry.
Mad Over Buildings (MOB) was founded in 2021 by Kumar Vivek with the goal of expanding its carefully chosen Line-of-Credit, escrow-backed payment system, and full-stack material catalog, which includes sustainable building and interior materials. The platform aims to revolutionize digital, transparent, and large-scale transactions between developers, contractors, and architects.
MOB claims that its escrow-backed marketplace and tech-enabled Line of Credit for secondary and tertiary sales solve financing issues for smaller distributors and retailers, improving liquidity and facilitating smooth transactions. The platform offers an unexplored market opportunity by concentrating on up-and-coming builders, contractors, and architects.
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"MOB is establishing the nation's first curated Line-of-Credit and escrow-backed marketplace, bringing together all categories under one transparent ecosystem, from interior and sustainable solutions to civil materials." Vivek Kumar, founder of Mad Over Building, stated, "Having built MOB from the ground up, I believe this marks India's inflection point in Construction Tech, where capital, technology, and trust converge to create exponential value over the next decade."
The corporate venture capital division of Somany Impresa Group, SIG Tattva, supports innovative startups and forward-thinking founders. It concentrates on early-stage businesses in clean technologies, next-generation e-commerce, deep-tech manufacturing, enterprise SaaS, and disruptive product innovations. The VC firm offers industry access, operational know-how, and strategic direction.
