For years, sectors like fintech, healthtech, and edtech dominated venture capital conversations. Now, a new category is quietly gaining momentum: construction technology.
Construction tech startups are companies that solve problems at any stage of building construction. From planning and design to cost estimation and on-site coordination, these startups use software, automation, and artificial intelligence to improve efficiency in an industry known for delays and cost overruns.
Investors are starting to pay attention.
And one of the latest names creating buzz is MeltPlan, a young startup founded by former Innovaccer co-founder Kanav Hasija.
MeltPlan in Talks to Raise $10–12 Million
MeltPlan is currently in discussions to raise between $10 million and $12 million in a fresh funding round, according to sources familiar with the matter.
The round is expected to be led by Bessemer Venture Partners, one of the world’s oldest and most active venture capital firms, known for backing high-growth technology companies.
If the deal goes through, it would mark one of the early significant funding rounds in India-linked construction tech this year.
MeltPlan and Bessemer did not respond to queries regarding the potential investment.
What Is MeltPlan Building?
MeltPlan is an AI-powered preconstruction productivity platform.
Preconstruction refers to the planning and preparation phase before actual building begins. This includes cost estimation, project scheduling, budgeting, design coordination, and resource planning. Mistakes during this stage often lead to cost overruns and delays later.
MeltPlan aims to use artificial intelligence to streamline these processes, helping construction firms:
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Improve project planning accuracy
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Reduce time spent on manual calculations
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Optimize cost estimation
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Enhance collaboration across teams
In simple terms, MeltPlan wants to bring software intelligence to one of the most complex and paperwork-heavy stages of construction.
The Founders Behind MeltPlan
MeltPlan was co-founded by Kanav Hasija and Tanmaya Kala just a few months ago.
Kanav Hasija is known as a co-founder of Innovaccer, a healthtech unicorn that built data platforms for healthcare systems. His background in scaling enterprise SaaS products gives MeltPlan strong operational credibility from day one.
Tanmaya Kala brings domain expertise from the construction industry, having worked at DPR Construction, a major US-based construction company known for large commercial projects.
This combination of enterprise SaaS experience and on-ground construction knowledge positions MeltPlan uniquely in the market.
Why Construction Tech Is Suddenly Booming
Construction is one of the largest industries in the world, but also one of the least digitized.
Common challenges include:
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Budget overruns
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Schedule delays
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Fragmented communication between stakeholders
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Manual processes and spreadsheets
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Inefficient resource allocation
Despite the scale of the industry, digital adoption has historically been slow. But that is changing.
Several factors are driving the boom in construction tech:
1. Rising Project Complexity
Modern infrastructure and commercial projects are becoming more complex. Managing multiple contractors, suppliers, and timelines requires better coordination tools.
2. Margin Pressure
Construction companies operate on tight margins. Even small inefficiencies can lead to significant losses. AI-driven tools that improve planning accuracy are becoming attractive investments.
3. Venture Capital Expansion
Investors are increasingly looking beyond traditional startup categories. Construction tech represents a large, underserved market with high enterprise spending potential.
According to industry observers, at least three companies in this segment have already raised venture funding to scale operations, signaling early validation of the sector.
Why Bessemer’s Interest Matters
Bessemer Venture Partners is known for backing category-defining companies across SaaS, fintech, healthcare, and cloud infrastructure.
If Bessemer leads MeltPlan’s round, it would signal strong institutional confidence in construction tech as an emerging category.
It would also indicate belief in MeltPlan’s potential to build a scalable, enterprise-focused AI platform for the construction industry.
For a startup that is only a few months old, such backing would be a major milestone.
Operating Out of the US
Although founded by Indian-origin entrepreneurs, MeltPlan is operating out of the United States.
The US construction market is massive, with billions of dollars spent annually on commercial and infrastructure projects. This provides a large addressable market for enterprise software solutions.
Targeting the US also means working with firms that are increasingly open to adopting digital tools to improve productivity and cost efficiency.
From Healthtech to Construction: A Strategic Shift
Kanav Hasija’s move from healthtech to construction tech reflects a broader trend among founders.
Experienced entrepreneurs are now exploring industries that are:
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Large but inefficient
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Traditionally offline
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Ripe for digital transformation
Construction fits all three.
While healthtech focuses on data-driven decision-making in healthcare, construction tech applies similar data and AI-driven intelligence to building projects. The underlying playbook remains enterprise SaaS, but the industry focus shifts.
What Happens Next?
Funding discussions are ongoing, and details may evolve.
If the $10–12 million round closes, MeltPlan will likely use the capital to:
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Expand its engineering and product teams
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Strengthen AI capabilities
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Grow sales and enterprise partnerships
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Deepen its presence in the US market
Early-stage capital would help the startup move quickly in a category that is just beginning to attract serious attention.
A Sign of a Bigger Trend
MeltPlan’s fundraising talks are not just about one startup.
They reflect a broader shift in venture capital interest toward industries that were once considered too traditional or too complex for software disruption.
Construction, long dominated by manual processes and legacy systems, is now becoming a playground for AI-driven innovation.
If startups like MeltPlan succeed, construction tech could become one of the next major SaaS waves.
And for investors, getting in early may prove to be a strategic advantage.
