Renewate raises pre-seed round funding from Better Capital

Pune based deep-tech startup, Renewate has raised an undisclosed amount in pre-seed series round funding from Better Capital.

Renewate in its statement said, “It will use the fund to expand its product offering and accelerate growth, as well as to expand its presence throughout India.”

Founded by husband-wife duo Debashree Ghatak and Supratik Ghatak, ReNEWate is India’s only platform for helping millions of renovation contractors, property improvement professionals, and agencies to manage their business digitally. With Renewate, millions of contractors and designers across India get a novel yet simple tool in their hands to convert requests into confirmed projects faster, manage them efficiently, get information on the latest material trends & close the loop by accepting digital payments and dramatically improving their cash flows. 

Renewate’s product comes packed with the latest in AR and AI  – all with native language support bridging the skill gap and powering a new digital age for property improvement professionals and contractors.

Speaking on the funding in Renewate, Vaibhav Domkundwar of Better Capital said, “Millions of property improvement professionals & contractors are still using archaic and unproductive methods for running their business, losing time and revenue.”

“Renewate is filling an important gap in this multi-billion dollar industry by digitizing contractors with a mobile-first mobile-first the first app that brings simple yet powerful tools to help them work smarter. We are excited to partner with Dabashree and Supratik,” Vaibhav added.

Commenting on the fundraise, Debashree Ghatak and Supratik Ghatak in their joint statement said, “We want to remove the common pain points that contractors and professionals face. Many of the contractors who are our customers are at the bottom of the pyramid of literacy & education but really up the chain when it comes to showcasing the high-value skill sets.”

“With powerful yet simple technology at their hands, they can be empowered to take control of their business from the closure of their project sales to improving cash flows. We found an instant alignment with better and are glad to be partnering with them to build out our vision,” both added.