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REBEL Disruptive Building Technologies, specialised precast construction technology provider, has received ₹5 crore as angel funding from Bengaluru-based DivyaSree Developers.
REBEL Disruptive Building Technologies plans to utilise funds to resolve the construction industry’s enduring challenge of project completion delay by building structures in record time.
The precast construction market size is estimated to grow from $124.77 billion in 2016 to $177.09 billion by 2021, at a CAGR of 6.10 per cent.
“Founded earlier this year in March, this company uses precast technology that not only shortens building time and construction cost by at least 10-15 per cent but also helps in very high quality finishes, wastage saving, energy saving and with minimal heartaches,” said Paddy Menon, Chief Disruptor, REBEL Disruptive Building Technologies.
“We also plan to deploy the funds on expanding medium sized pre-cast units so that they can meet demand and a more precision-based construction processes,” he added.
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