Modulus Housing, a proptech startup, has raised ₹70 crore in a Series A round led by Kalaari Capital, Hero, and Samarthya, with participation from SVAS, Sigma, Zetwerk founder Srinath, Sanjiv Rangrass, and other investors. This marks the company’s first institutional investment.
The funding will support expansion across Indian and select global markets, development of next-generation modular systems, advanced R&D, and wider deployment of its cloud manufacturing network. The company also plans to grow its green concrete technology for distributed infrastructure projects.
Founded in 2018 by Shreeram Ravichandran and P. Gobinath, Modulus Housing builds modular structures using a factory-made construction model. Its network of partner factories and proprietary product suite enables production of low-rise infrastructure through a cloud manufacturing approach.
The company is headquartered in Chennai and plans to expand its operations across India and emerging markets.
The company reports cumulative revenue of over ₹200 crore, with operating revenue rising from ₹39 crore in FY23 to ₹54 crore in FY24.
Modulus Housing has delivered more than 1,500 buildings across 21 states in India and several regions in Africa, covering hospitals, schools, cold-storage units, site offices, and other distributed infrastructure needs.
