# Coffer Internet Services Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coffer-internet-services-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.getpowerplay.in
- Total disclosed funding: $13M
- Latest round: Series A (Sep 26, 2022)
- Investors on record: 4

## About

Coffer Internet Services Pvt. Ltd. is a technology company specializing in construction management software and mobile applications, aimed at enhancing project management and communication for stakeholders in the construction industry.Founded in 2019 in Bangalore, India, Coffer Internet Services Pvt. Ltd. develops solutions tailored for the construction sector, focusing on improving management processes. The company raised INR 568.43 mn in a Series A funding round on September 26, 2022, co-led by Accel and Surge, with participation from India Quotient. The total amount raised to date is also INR 568.43 mn, with a current valuation of INR 3.84 bn. The founders include Iesh Dixit, who serves as CEO, along with Rohan Sachan and Shubham Goyal.Powerplay specializes in construction management software and mobile applications designed to streamline communication and project management across various stakeholders in the construction industry. Its core offerings include tools for project management, material management, labor management, issue tracking, reporting, and petty cash management. The platform facilitates real-time visibility into labor attendance and material stock, enabling improved procurement processes and productivity tracking. Powerplay primarily operates within the Indian construction market, addressing specific challenges faced by regional construction teams.In the fiscal year 2023, Powerplay reported a revenue of INR 27,616.1 mn, with an EBITDA of -INR 4,754,063.1. The company employs a subscription-based revenue model, allowing clients to access its suite of construction management tools through various pricing plans tailored to their project needs, thus facilitating scalable solutions as projects evolve.Following the Series A funding in September 2022, Coffer Internet Services Pvt. Ltd. plans to utilize the capital to hire new employees and expand its business globally. The funding will accelerate product sales and support the development of new product offerings. The company is focusing on enhancing its market presence not only in India but also seeks to penetrate additional international markets, as part of its strategy for sustained growth.

## Funding rounds

- Series A, Sep 26, 2022, $7M — Accel, India Quotient, Surge
- Series A, Apr 12, 2021, $5.2M — Accel, India Quotient, Surge
- Seed, Sep 23, 2020, $0.6M — Boston Harbor Angels, India Quotient

## Investors

- Boston Harbor Angels — Seed
- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed, Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Surge (https://capitalatlas.ai/funds/surge) — Series A