![<p>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</p>](https://us-central1-podcastguru-217d6.cloudfunctions.net/gcf_get_image?image_url=https://is1-ssl.mzstatic.com/image/thumb/Podcasts114/v4/ab/c3/c6/abc3c68f-cf7e-153f-ecda-0fa7797e9088/mza_14286306847220872399.jpg/600x600bb.jpg&width=300&height=300&api_key=xqFmUFX5BHLBTA)
Entrepreneur's Live Interviews 🎙️
Priya Ranjan Mohanty
ELI - 518 | How Brick & Bolt is Revolutionizing Indian Construction with Tech & Transparency
SEP 20, 202529 MIN
ELI - 518 | How Brick & Bolt is Revolutionizing Indian Construction with Tech & Transparency
SEP 20, 202529 MIN
Description
<p>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</p>