# Kolo App Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kolo-app-pte

- Industry: Internet
- Headquarters: Singapore
- Website: www.koloapp.in
- Total disclosed funding: $4.5M
- Latest round: Series A (May 5, 2022)
- Investors on record: 3

## About

Kolo App Pte Ltd is an innovative platform that connects homeowners with skilled interior and construction professionals, streamlining the hiring process through expert advice and project management support.Kolo App Pte Ltd, founded in 2020 in Singapore, operates as a digital advisory platform for homeowners seeking interior design and construction professionals. The company has engaged in two notable deals, with its most recent funding round, a Series A, occurring on May 5, 2022, where it raised USD 4.55 mn led by RTP Global, along with participation from Better Capital and Voonik Technologies Pvt. Ltd. The founders, Aayush Sharda, Andrew Alexseyenko, Bohdan Kit, Eugene Plokhoy, Evgeniy Koval, Igor Sokolov, Pranav Garg, Ray Astafichev, Vasyl Rakochyi, Vasyl Sydorchuk, and Vivek Mittal, have collectively contributed their expertise to drive the company's focus in the Indian market.Kolo specializes in connecting homeowners with skilled interior and construction professionals through its advisory program. The company's core offerings include expert guidance for hiring interior designers and construction specialists, alongside personalized project management support. By analyzing customer requirements and matching them with over 2000 professionals in the network, Kolo facilitates a seamless hiring process that allows homeowners to make informed decisions. The service addresses the needs of individuals embarking on home construction or renovations, providing tailored solutions to ensure quality project delivery. This advisory program is currently focused on the residential sector, with plans to expand its offerings.Kolo generates revenue through its advisory services, which are offered at no upfront cost to homeowners. The business model is structured around a commission-based system, where Kolo receives a fee upon successful placement of professionals with clients. This transaction model fosters direct relationships between homeowners and the professionals, ensuring that both parties benefit from the expertise provided through the platform. Kolo’s services encompass a range of projects, including interior design, renovation, and construction management, ensuring compatibility with various homeowner needs. While specific pricing plans for services are not publicly disclosed, the company's focus on quality matching and coordination indicates a commitment to delivering value without hidden fees. In 2023, Kolo reported an EBITDA amount of USD -1,437,016.In May 2022, Kolo App Pte Ltd secured USD 4.55 mn in Series A funding, led by RTP Global, which will be used to enhance consumer product offerings. The company plans to develop a content-recommendation engine, community offering, digital portfolio, and tools tailored for professionals. Additionally, Kolo aims to expand its presence across India, targeting specific regions for growth. The funding will support these strategic initiatives, allowing Kolo to better serve homeowners and professionals in the evolving construction and interior design market.

## Funding rounds

- Series A, May 5, 2022, $4.5M — Better Capital, RTP Global, Voonik Technologies Pvt. Ltd.

## Investors

- Better Capital — Series A
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A
- Voonik Technologies Pvt. Ltd. — Series A