Today in India, there are more than 1M contractors and almost 50% of them live outside Tier 1 cities. These contractors are the backbone of India's infrastructure development especially in the small towns. Majority of the contractors are one man army managing Tender sourcing, purchasing raw materials, securing financing. Operating out of small towns and villages, due to lack of technical & digital knowledge, the contractors face inefficiencies which limit their margins and throttle growth.
We, at Runway Technologies, are building a one stop platform for contractors for sourcing pan India tenders, purchasing materials and secure financing. The best part of our offering is that the entire platform is currently running on WhatsApp. We have partnered with e-tender agents (who are local agents that support contractors in their bid submissions) as channel partners to quickly expand our platform user base and to have both digital and physical touchpoints with our contractor base.
We have already onboarded 3.5K+ contractors and more than 50 e-tender agents in our model market of West Bengal. We have partnered with more than 5+ brands in Pipe and 3+ brands in Steel as our material supplier. We have also registered as DSA for Axis and Union bank.
This ecosystem will help us to support & engage with our contractor base to find right financing for their projects and purchasing raw materials and ensure that they are able to build a better future for themselves and their families.
Our vision is to be the most trusted platform in the construction industry through technology and innovative services.
Development a B2B marketplace for contractors to procure construction materials
Pivoted to develop a WhatsApp bot to help contractors discover tenders as per their eligibility
Built inside sales tram for contractors onboarding and customer experience management
Developed full fledged SAAS CRM for onboarding & managing contractors via E-Tender agents' channel
DSA Certifications WhatsApp Credit UI Marketing Campaign to onboarded contractors