Ideas|Products|Startups|VCs

Nadhi Technologies, a 2.5yr old Chennai based SaaS startup has developed  lightweight, easy-to-use construction supply chain solutions for real estate and infrastructure construction projects.

Nadhi.in is founded by two civil engineers – Vaidyanathan and Ravi. S. Mundoli from IIT-M; Both have worked in manufacturing SCM at i2 Technologies before founding Nadhi.  Nadhi is incubated out of the IITM Research Park.

Nadhi provides easy-to-use supply chain management (SCM) tools toreal  ensure the synchronous on-site arrival of labour and materials per the updated construction schedule through the life of the project.

Nadhi’s core solution is a project monitoring and control solution with a mobile extension  – nPulse™ that reduces the information latency between various stakeholders in a construction project to zero and transitions business from reactive to proactive. Nadhi has built the industry’s first procurement planning solution that uses inventory management theory to optimize material procurement costs in construction.

In short, Nadhi builds solutions that complement ERP systems. Nadhi offers business process consulting to help transition companies to a managed platform. Nadhi also offers lean construction consulting practice.

Nadhi’s target customers are EPC contractors, infrastructure project owners, real estate developers. The market size for IT in construction is estimated to be about $5 billion and the potential to expand worldwide also exists. Nadhi’s revenue sources are software revenue – both subscription (SaaS model) and enterprise license options are available and consulting services.

-Hitesh, vcBytes.com

Klickrentals is a Pune based startup which aims to address all your home rental needs. Klickrentals is driven by  concept considering today’s a quick need of residential requirement among the migrating community from place to place and understands the hardship faced by the rental residential seeking community. Members are enabled with direct interaction with the owners and freed from the dependence of brokers also saving time and brokerage.

Klickrentals claims to be India’s fist portal that is dedicated only to Rental accommodations and they are target audience is users in metros as these cities have more migrating population. Site is completely free to join

Klckrentals has strong inbuilt mechanism to keep aside the brokers entering the system, well laid out process ensures that only genuine property owner can list the details. The owner meets the prospective clients directly and save their time, energy, money and avoid all the hassles that brokering generally ensues.

Genuine properties, genuine owners and no brokerage that’s the mantra Klickrentals has adopted.

-Hitesh, vcBytes.com

Welcome to the world of Group buying, one more startup called Groffr derived from for Group Offer has emerged but with a difference. Unlike other group websites which offer discounts on spas or restaurant spends, Groffr groups people together for buying high value items like real estate and cars.

Groffr is a a year old Mumbai based startup founded by Vikhyat Srivastav and Sandeep Reddy, both IIMK graduate and worked earlier with PE real estate funds. The group aggregates people interested in a particular property and negotiates with the developers for a discounted price for everyone.

Given the recent volatility in the sector, it makes sense for the real estate developers and car dealers also as they are able to sell a good chunk of their high value inventory in one shot. It’s a win-win situation for both the parties. Buyers get a good bargain while developers are able to sell a lot of flats in one go while saving on marketing cost.

Groffr has worked on deals with Emaar MGF, Indiabulls reality, Mahindra Lifespaces and has tied up with real estate consulting firms like Knight Frank to source lucrative deals from the developers.

Groff USP –

•  Only player to club people so that everyone gets discounts on high valuable items like homes, cars.
• Collective wisdom also influences decision while making purchases which Groffr enables.
• Finally high margin on which Groffr operates.