Pune: Powerplay, a construction-focused fintech startup, has crossed a $10 million annualised gross run rate as of March 2026, marking a significant milestone in its growth journey.
The achievement has been driven by two key growth engines: a rapidly expanding supply-chain credit business that enables mid-market contractors to finance material purchases directly within their procurement workflows, and a domain-trained AI workforce designed to support estimation, procurement, project management, and finance operations across construction projects.
Powerplay primarily serves mid-market and growing construction companies operating across housing, commercial, energy, and data-centre projects.
According to the company, these segments account for nearly 60% of India’s construction activity. The company estimates that this market represents an opportunity worth nearly $360 billion today and is expected to expand to approximately $900 billion by 2033.
Powerplay is addressing two major structural challenges within India’s construction ecosystem. Contractors often continue to rely heavily on informal supplier credit, which comes with high effective borrowing costs.
This dependence frequently leads to procurement delays when milestone payments are postponed.
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Simultaneously, many critical operational functions – including estimation, procurement, project management, and finance – continue to operate on fragmented systems such as WhatsApp and Excel, resulting in slower execution, lower efficiency, and challenges for formal lenders attempting to underwrite projects.
Over the last 12 months, Powerplay has developed and internally operated an embedded financing layer that helps channel financing to contractors.
The financing is facilitated through partner lenders, including banks and NBFCs.
The Powerplay platform leverages AI agents to coordinate between the company’s proprietary construction data, customer financial records – including GST filings, ITRs, bureau data, and bank statements – and partner lender underwriting systems.
This integration enables credit assessments and structured lender reports to be generated within minutes rather than weeks.
The financing workflow has been embedded directly into the procurement process already used by contractors to purchase materials for their project sites. This allows contractors to place orders on time without having to wait for milestone payments to be cleared.
Over the past year, Powerplay has reported revenue growth of approximately four times, with a significant share of that expansion occurring during the last six months as its credit business accelerated further.
Looking ahead, the company is targeting fivefold growth by FY2027, primarily through deeper financing penetration across its contractor customer base.
According to Powerplay, its financing model is nearly twice as cost-effective as the informal supplier-led credit systems commonly used throughout the construction industry.
Also Read: Powerplay Credit Introduced as Procurement-Linked Working Capital for Contractors
Iesh Dixit, Co-founder and CEO of Powerplay, said: “Construction in India has been one of the last large sectors where formal credit still has not reached the people who actually build.
The 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.”
Over the last five years, Powerplay has accumulated extensive proprietary construction data through its platform, which has tracked more than 85,000 projects, 40,000 payment cycles, over 2 million material deliveries, more than 1.2 million price points, and upwards of 150,000 vendor profiles across the construction ecosystem.
The company stated that this proprietary dataset now powers both its AI-enabled credit underwriting capabilities and its AI workforce platform.
Through domain-trained AI agents operating across estimation, procurement, project management, and finance functions, Powerplay aims to significantly reduce operational timelines.
Processes related to planning and financing that previously required weeks can now be completed within minutes through the platform.
