Materee Analysis: $125K Raised
What is Materee?
Materee.id is an Indonesian materials marketplace that connects buyers with construction-related products. The site shows categories for cement and mortar, wood and kaso, and hollow, UNP, and CNP steel profiles. It also offers an Android app, WhatsApp contact, and a formal consumer complaint channel under PT. Materee Nusantara Utama.
Product Features & Capabilities
- ready mix concrete, precast and non-structural products, high-quality aggregates, cement, wood, bricks, tiles, pipes, granites, various types of steel products including rebar, black plates, and steel angles, lightweight and red bricks
How much Materee raised
1: - $125K
2022Lead Investor: Y Combinator
Who are the founders of Materee
HH
SW
Market Focus
Materee primarily focuses on the e-commerce industry, specifically for construction materials in Indonesia. The company aims to transform and simplify the procurement process for construction supplies.
Investors
- BRI Ventures
- Y Combinator
- January Capital
- Alpha JWC Ventures
- Mohammed Alabsi
Business Model
E-commerce platform generating revenue through sales of construction materials and commissions.
Competitors Overview
Materee operates in the e-commerce construction materials market in Indonesia, facing competition from several notable companies:
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Infra.Market: This company offers a wide range of construction materials and has a strong presence in the Indian market. Its advantages include a robust supply chain and a focus on technology to streamline procurement processes.
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GoCement: GoCement is a digital platform that allows users to buy and sell construction materials. It emphasizes speed and convenience in procurement, making it a strong competitor. GoCement has secured funding to enhance its platform, which may give it an edge in technology and user experience.
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ConstroBazaar: This platform specializes in providing construction materials and has a significant market presence. Its focus on B2B transactions and partnerships with suppliers allows it to offer competitive pricing and a wide selection of products.
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Juragan Material: A B2B e-commerce platform that aims to simplify the procurement of construction materials in Indonesia. Juragan Material has raised funding to enhance its services, focusing on curated suppliers to ensure quality.
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ZhuKu: This company operates in the same space but may have a different approach or product offerings. Specific advantages or differences were not detailed in the search results.
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Buildup Online: Another competitor in the construction materials e-commerce sector, though specific details about its advantages were not found.
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BuildersMART: Similar to Materee, BuildersMART focuses on providing a platform for construction materials, but specific advantages were not detailed in the search results.
Materee's main advantages lie in its focus on transforming and simplifying the procurement process, which may appeal to contractors looking for efficiency in sourcing materials.
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