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Do you ever worry about contractors absconding with your money that you've been saving for your dream house? If you ever worry about the quality and tracking the progress of the building because you're staying far away from the site. Here's the solution for everything from Brick & Bolt.
Brick&Bolt the one stop solution for all your construction and renovation needs for your sweet home. B&B consists of highly driven and motivated team of experienced professionals who remove the aggravation from home improvement projects, delivering top-grade results within the time limit anf budget.
Our extensive services, from design and planning to execution as well as post care, we promise hassle free journey. From renovating your house to building your dream home Brick&Bolt has it all covered to bring your ideas to life and put a smile on your face.
Our dedication to high-quality , attention to detail and customer oriented way has paved us the way to leading and trusted name in the industry. Let's join our hands gether to make your home dreams into reality.
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CRITERIA | DESCRIPTION |
What is it? | Tech-Driven construction company |
Founded | 2018 |
Form Factor |
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Region(s) |
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Value Proposition |
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Nuances of the Product |
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Key Differentiators |
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Sample size : Was able to do a survey with 4 people who have recently finished constructing a home out of which 1 user has done this through Brick&Bolt.
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B2C Table
Criteria | User 1 | User 2 |
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Name | Shrivardhan | Anoja A |
Age | 50-65 | 29-40 |
Pain Point | Wants quality work at affordable cost. | Wants quality and latest tech in home at an afforable and market price. |
Solution | The transparent cost framework in Brick & Bolt ensures there's no cost over-runs and Quality checks ensures there's no compromise in quality. | Brick and Bolt offers various designs and elevations to choose from real-time progress tracking of the project. |
Behaviour | Old school thought process, reluctance in accepting the tech driven methods | Tech driven, always looking for better things and accepts the change through technology. |
Marital Status | Married or Widow(er) | Single or Married. |
Installed Apps | Social Apps : Facebook ,Whatsapp, Youtube,LinkedIn Fintech : Gpay , Banking Apps. News Apps : TOI, Inshorts Shopping: Amazon, Flipkart | Social Apps : Instagram, Whatsapp, YT, X and LinkedIn. Fintech : Gpay, Phone Pe, Groww and Banking apps. News Apps : NYT, Inshorts,Buinessline. Grocery : Blinkit, Instamart, Dunzo. Shopping : Myntra, Ajio, Amazon, Flipkart. |
Spending Habits - Money | Calulative spending habits
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Spending Habits - Time |
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Perceived Value of Brand | Hard to convince , but once convinced and proved will stay loyal to brand. And will refer to others. | Less hard to convince , always looking for better brand and options. |
Average Spend on the Product | Rs.75,00,000 above considering the amount saved through their lifetime | Rs.45,00,000 above considering the amount saved little and rest through the banking finances. |
Marketing Pitch | Referrals and personal meets to prove the brand point. | Through social media and through the app to prove the tech in this field. |
Frequency of use case | Once or twice in lifetime | Twice or thrice in lifetime. |
Value Experience of the product | Higher experience of product due to age factor, would have seen the market and design changes over the years and would expect the best. | Limited experience, higher exposure and higher expectations from the product. |
Criteria | ICP 1 | ICP 2 | ​ |
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Adoption Curve | High | Low | ​ |
Frequency of Use Case | Low | Low | |
Appetite to Pay | High | Medium | |
Decision Time | High | Low |
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User searches for home construction and comes across Brick and Bolt Construction Company.
User browses through the previous projects and their testimonials . Narrows down on residential or comercial .
User creates an account and can rough estimate the cost for building and browse more designs and elevations.
User is now intrested and raises a request for the project, provides a details of the availabe property.
Brick and Bolt provides the customer with detailed project proposal including timeline, costs and design plans.
Brick and Bolt engages with customer to finalise the project designs , Elevations and Plans.
Customers are given live-tracking on the progress through the app. Any issues is raised as a ticket through the app.
Brick and Bolt makes sure the project quality meets and exceeds the customer's expectations.
Brick and Bolt hands over the project to the customer officially and promises post-completion warranty and services.
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Company | Location and year | Company stage | Total Equity | Remarks | |
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Brick & Bolt | Bangalore, 2018 | Series A | $16M | - | ​ |
BuildNext | Ernakulam, 2015 | Seed | $4.45M |
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WeHouse | Hyderabad, 2017 | Seed | $1.56M |
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Now it’s time for some math, calculate the size of your market.
TAM = Total no. of potential customers x Average Revenue Per Customer (ARPU)
SAM = TAM x Target Market Segment (percentage of the total market)
SOM = SAM x Market Penetration/Share
Urban Population according to IBEF (KPMG ,world bank census 2011)
501 Million ( 2024 )
542 Million ( 2025 Forecasted )
Average size of Indian Home- 1300sqft (2023) -source Property Consultant .
Average build cost per sqft - Rs. 1900/-
Calculation : 501,000,000 X 1900 = $11.2B
Brick and Bolt primarily concetrates on major cities like Delhi, chennai , Bangalore , Hyderabad and etc this could represent about 15-22% of the Total Addressable Market of 11.2B$ which is 2.5B$.
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33,60,50,000 - 33.6 crore Individuals
Considering wealth for home at 1% 3.36Lakh individuals
33.6Cr % 1 = 3,36,000 individuals.
Brick &Bolt till date has completed 4500+ projects
So, it has achieved 1.5% of the market penetration till date meaning
Brick & Bolt has huge potential to unlock the market.
Average Project value and market share: If we calculate the average project value is 50Lakhs - 2 Crs depending on the project type, demographic , size and type of project( residential / commercial )
If Brick and Bolt could capture just 1% of the SAM that's around 250Million Dollars of annual revenue potential in Residential sector alone
CIty/ State | Age 29-40 (male) | Age 29-40(female) | Age 50-65 (male) | Age 50-65(female) |
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Delhi | 25 lakh | 23 lakh | 18 lakh | 16 lakh |
Bangalore | 12 lakh | 11 lakh | 8 lakh | 7 lakh |
Hyderabad | 11 lakh | 10 lakh | 7 lakh | 6 lakh |
Pune | 10 lakh | 9 lakh | 6 lakh | 5 lakh |
Chennai | 9 lakh | 8 lakh | 6 lakh | 5 lakh |
TamilNadu | 45 Lakh | 43 lakhs | 32 lakhs | 31 lakhs |
Website | Monthly visits | Domain Trust | Page Trust | App Downloads |
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Brick & Bolt | 22,400 | 49 | 16 | 10,000+ |
BuildNext | 6,500 | 27 | 22 | 1,000+ |
Wehouse | 201 | 30 | 9 | - |
Domain and Page Trust Score is marked (0-100) higher the number better the trust.
(Done through SE Tracking)
SE Tracking gave a the website a page quality score of 53 for Construction.
With few High priority suggestions for website improvement.
Direct competitor BuildNext has optimised the organic keywords but loses out on the organic traffic.
Brick and Bolt runs a referral program through it's website
For years, Middlemen have been the shadow pillar in Real-Estate industry. But, Brick and Bolt fails to recognise the same.
Marketing team of the Brick and Bolt should strategize and contact the Middlemen/Brokers in the available cities and explain them about the Brand and Referral Policy.
There should be a Portal and Tracking section in the app for such Successful referrals.
The person getting referred should be given better options of getting cashback in any interior part of the home.
For additional referrals for more than a successful refferal in a year, extra CashBack % should be given for the referer. This will incentivise the referer to work more.
This is an effective and unexplored section of the referral strategy that Brick and Bolt should consider and tap the potential of the referral through Middleman.
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Assumptions
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ARPC = Average revenue per project X no. Of project
= 1300 X 1900 X 1.10
= Rs. 27,00,000/-
ARPC % 15
= Rs. 4,05,000/-
ARPC x Gross margin percentage x Customers Life Time
= 27,00,000 x 0.15 x 1.25
= Rs 5,10,000/-
Calculating CAC based on paid Ads through Google and Social Media
Allocating a fund of Rs.50,00,000/- in total for all the paid ads
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Channel | Search ads /Ad campaigns | CPC | Allocated Costs |
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Google Ads | Target keywords like construction, interior design, Building etc | Rs.50 | Rs.25,00,000/- |
Instagram/Facebook | Run an ad campaign targetting home/building searching users and ask them to fill a consultation form | Rs. 12.50 | Rs.15,00,000/- |
Youtube | Boost the existing youube channel and videos and add a landing page in the description box for searches like home building , renovation and similar terms | Rs. 0.50 | Rs. 10,00,000/- |
Things to consider
Calculating CAC for a period of a year
Marketing and Advertisement cost = Rs. 50,00,000/-
Sales and Salary cost = Rs. 2,50,00,000/- ( has a sales force of 40 individuals )
Misc Costs = Rs.25,00,000/-
Customers Acquired = 50 X 12 = 600
Total Acquisition Cost = Rs. 3,25,00,000/-
CAC = Total Cost /no. Of customers
= 3,25,00,000/600
= Rs. 54,200/-
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