Modulus Housing, an IIT Madras-incubated startup, has raised $7.83 million in its Series A funding round, led by Kalaari Capital with the participation of Hero Enterprise and Samarthya. It's a major milestone for the startup in the field of modular construction. Besides, SVAS, Sigma, the founder of Zetwerk Srinath, Sanjiv Rangrass, and other well-known investors have also contributed to the round.
Founded in 2018 as a bootstrapped venture, Modulus Housing aims to create a new category of infrastructure through a cloud manufacturing model, a decentralized network of partner factories across India designed for speed, engineered for scale, and focused on the low-rise buildings segment.
The company plans to utilize the proceeds to expand its market presence across both Indian and international markets while advancing R&D for new technologies and product lines. A portion of the funds will also be deployed to scale its cloud manufacturing network and enhance its lightweight green concrete technology stack, which has become a key differentiator in the modular construction space.
Its operating revenue, as per company data, was increased by 38% to ₹54 crore in FY24 from ₹39 crore in the previous fiscal year. Moreover, it presently has a portfolio of more than 1,500 modular buildings in 21 Indian states and a few African countries.
“We’re incredibly excited about the road ahead. With multiple live projects across F&B, edge data centres, FMCG, oil & gas, healthcare, and PSUs, Modulus is demonstrating the future of faster, more cost-efficient, and higher quality distributed low-rise infrastructure. The conviction shown by our investors further strengthens our belief that this sector is at the cusp of transformation,” said Shreeram Ravichandran, Co-founder & CEO, Modulus Housing.
The startup’s business model focuses on solving a key problem in the infrastructure sector, where demand is decentralized, recurring, and urgent but often unmet in terms of quality standards. “Their factory-first approach brings scalability and predictability to one of the most fragmented industries. We believe Modulus has the potential to become a category leader in industrialized micro-construction and are excited to work with the team in their next phase of growth,” added Sampath P, Partner at Kalaari Capital.
Modulus Housing has, through live projects, impacted significantly different sectors with its approach, a change that can be felt in various layers of society. The startup is using cloud manufacturing and modular construction methods to achieve quick timelines and money-saving solutions for projects that include commercial spaces in cities, as well as low-rise residential and institutional buildings.
Industry insiders are of the opinion that the funding round is a sign of greater investor enthusiasm for technology related to modular construction and eco-friendly building practices. As India amplifies its demand for infrastructure, companies like Modulus Housing are the perfect solution to address issues of speed, quality, and cost-efficiency.
Modulus Housing’s Series A investment will be used to extend the company’s global operations in Africa, where there is a rapid rise in the need for low-rise construction. The combination of thorough knowledge of the local situation and easily scalable manufacturing processes offers a high-growth potential to investors in a sector that is fragmented and lacks adequate services.
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