Construction fintech startup Powerplay has crossed $10 million annualized gross run rate as of March 2026. The growth has been driven by two core pillars – a fast-scaling supply-chain credit business that helps mid-market contractors finance material purchases directly within their procurement workflow, and a domain-trained AI workforce that supports estimation, procurement, project management and finance operations across construction projects. Powerplay primarily works with mid-market and growing construction companies across housing, commercial, energy and data-centre projects – segments that account for nearly 60% of Indiaโs construction activity. The company estimates this market opportunity at nearly $360 billion today, projected to grow to $900 billion by 2033. The model addresses critical gaps in construction technology adoption and formal finance access.
The company is focused on solving two major structural challenges within the construction ecosystem. Contractors continue to depend heavily on informal supplier credit at high effective rates, often causing procurement delays whenever milestone payments are delayed. At the same time, critical operational workflows across estimation, procurement, project management and finance continue to run on fragmented systems such as WhatsApp and Excel, making execution slower, less efficient and difficult for formal lenders to underwrite. Over the last 12 months, Powerplay has built and internally operated an embedded financing layer that helps channel financing to contractors. Financing is facilitated through partner lenders, including banks and Non-Banking Financial Companies. The integration of supply-chain finance directly into procurement workflows marks a shift from traditional lending models.
AI-Led Underwriting and Embedded Procurement Credit. The platform uses AI agents to coordinate between Powerplayโs proprietary construction data, customer financial records including Goods and Services Tax filings, Income Tax Returns, bureau data and bank statements, along with partner lender underwriting systems. This enables credit assessments and structured lender reports to be generated within minutes instead of weeks. The financing workflow is embedded directly into the procurement process contractors already use to purchase materials for their sites, allowing them to place orders on time without waiting for milestone payments to clear. Powerplayโs revenue has grown roughly 4x over the past year, with the bulk of that growth coming in the last six months as the companyโs credit business scaled further. The company is targeting 5x growth by Financial Year 2027, driven primarily by deeper financing penetration across its contractor base.
The company says its financing model is nearly two times cheaper than the informal supplier-led credit systems commonly used across the industry. โConstruction in India has been one of the last large sectors where formal credit still has not reached the people who actually build,โ said Iesh Dixit, Co-founder and Chief Executive Officer of Powerplay. โThe combination of AI-led underwriting and embedded financing inside the procurement workflow is what enables that change at scale and we believe this is what the next phase of construction fintech in India will look like.โ Over the last five years, Powerplayโs platform has tracked more than 85,000 projects, 40,000 payment cycles, 2 million+ material deliveries, 1.2 million+ price points and over 150,000 vendor profiles across the construction ecosystem. This dataset informs AI in construction management and risk assessment.
The company says this proprietary dataset now powers its AI enabled credit underwriting and AI workforce platform, with domain-trained agents operating across estimation, procurement, project management and finance workflows. Planning and financing workflows that previously took weeks can now be completed within minutes through the platform. Founded in 2020 by Iesh Dixit and Shubham Goyal, Powerplay is Indiaโs leading end-to-end construction management platform designed to digitise and standardise how construction businesses operate. The platform helps teams plan better, execute faster and maintain transparent, audit-ready records across every stage of the build cycle. The approach aligns with global trends in digital transformation in construction and formal credit integration for small and mid-sized contractors, as outlined by NITI Aayog on infrastructure financing.
