ELI - 518 | How Brick & Bolt is Revolutionizing Indian Construction with Tech & Transparency

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Entrepreneur's Live Interviews 🎙️

Priya Ranjan Mohanty

514 episodes

1 day ago

India is evolving to become the next economic superpower. It is essential for everyone to play their part. We are doing so by building a platform where entrepreneurs can share their stories with the masses. We expect the result to be more people joining the path of entrepreneurship and in turn skyrocket our economy. ELI or Entrepreneur's Live Interviews 🎙️ is a social venture that aims to inspire young people into entrepreneurship. India needs a lot of entrepreneurs right now. Entrepreneurs create employment, produce economic value, and bring glory to our country.

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ELI - 518 | How Brick & Bolt is Revolutionizing Indian Construction with Tech & Transparency

Entrepreneur's Live Interviews 🎙️

29 minutes 35 seconds

1 month ago

ELI - 518 | How Brick & Bolt is Revolutionizing Indian Construction with Tech & Transparency

In this insightful episode of the ELI Podcast, we sit down with Nitin Kochhar, the Chief Operating Officer & Chief Business Officer at Brick & Bolt. Nitin, a seasoned "Unicorn Builder" with a remarkable background in e-commerce (Flipkart, Shopclues), logistics (Rivigo), and EdTech (White Hat Jr., Embibe), shares his journey of venturing into the massive tech-enabled construction market.Discover how Brick & Bolt is transforming the residential and commercial construction landscape in India by addressing critical customer pain points:- Delays: Eliminating project delays with penalty-backed timelines.- Cost Overruns: Ensuring transparent pricing and no unexpected cost increases.- Money Security: Implementing an industry-changing EMD (Earnest Money Deposit) system for contractor accountability.- Transparency & Quality: Utilizing 16 proprietary apps and a "digital twin" concept for real-time monitoring and over 470 quality checks through QASCON, even for NRI customers abroad.Chapters[00:00] Introduction[00:46] Nitin Kochhar's Journey to Brick & Bolt (Flipkart, Shopclues, Rivigo, Hero Group, White Hat Jr., Embibe)[01:50] The "Unicorn" Success & Startup Mindset[02:29] Brick & Bolt: On Track to Become a Unicorn in India's $600 Billion Construction Market[03:35] The Core Problems Brick & Bolt is Solving in Construction (Delays, Cost Overruns, Money Security, Transparency)[05:59] Monitoring Experience: The 16 Apps & Digital Twin for Customers[09:03] Solving Financial Insecurity & Inconsistent Deliveries with EMD and Vetting Contractors[12:45] Penalty System for Delays & High On-Time Delivery Rates[13:52] Brick & Bolt's Pricing vs. Local Contractors: Transparent BOQ & Value Proposition[15:46] Nitin Kochhar's Day-to-Day Role as COO & CBO[17:30] Handling Volatilities in Construction (Material Costs, Weather) with Tech-Driven Scheduling[18:32] Customer Acquisition & Growth Strategy (Digital, Offline, Commercial)[20:58] Scaling to Different Cities: Addressing Regional Challenges & Bylaws[23:23] Future Expansion Plans for Brick & Bolt[24:14] Future Innovations: AI in Quality Control & 3D Printing in Construction[27:30] Entrepreneurial Learnings: Mental Strength, Learning Mindset & People Skills[29:15] Closing Remarks & Best Wishes