Company’s top line growth at a CAGR of 8% on a YoY basis with headcount growth of 15%
INVC NEWS
New Delhi ,
Makemyhouse.com an online architectural services platform provides a customized experience to everyone. The platform has a large collection of house plans and elevations to choose from which are entirely free to browse for the next home-building idea. Once a user/consumer likes an idea, it is easy to convert it into a complete set of drawings by adding that plan to your list. The User can directly use these designs to build or redecorate their house without hiring an architect. The app can also be used to create a customized house plan at a fraction of the cost suitable for consumers.
Makemyhouse.com today announced record business growth driven by its expansion across the industry, and its vision for smart service development and delivery. Over the past year, Makemyhouse.com experienced a 60% increase in active recurring revenue, including a 36% expansion of existing customer ARR. Makemyhouse.com also grew its workforce by 30%.
The expansion strategy of Makemyhouse.com going ahead is to increase revenues by augmenting the headcount. The company is poised to grow its topline at a CAGR of 8% on a YoY basis in FY 2021-22 with headcount growth of 15%.
Commenting on their growth and expansion, Mr. Husain Johar, Founder and Creative Head, Makemyhouse.com India Pvt. Ltd said that, “Our passion for designing coupled with the existing gaps in the industry and a large addressable market, inspired us to start Makemyhouse.com. With over 11 million new homes expected to be built by 2025 and around 13 million houses are not serviceable and need to be restored. India is going to be the third largest construction market by 2025 and The real estate sector is expected to touch $1 trillion and is going to be the third largest employer after agriculture and manufacturing and a rapidly growing interior market, the opportunity for industry professionals including architects, interior designers, and civil contractors, is enormous. With Makemyhouse.com and its online-only approach, we are helping these professionals generate income irrespective of geography. Project owners, on the other hand, can build/renovate their homes or offices efficiently and cost-effectively. With over 14,000 projects completed and a loyal customer base of 14,000 customers.”
He also added that “We’ve noticed that the majority of our clientele prefers “all-under-one-roof” solutions. They desire that a single business handle all services, including design, planning, and execution. With the goal of giving our customers a complete solution, we developed the idea of a Partner Program to ensure the seamless execution of all operations and to offer clients local assistance where they may visit the partner center and receive all the assistance they require. Both our workers and customers will gain from the project.”
Makemyhouse.com has also recently launched the initiative of the Partners Program in order to provide architectural, construction, and design services across India. The start-up has already partnered with local contractors and engineers in Lucknow, Patna, Hyderabad, Jaipur, and Bangalore as a part of its initiative. Also, the company plans to work with affiliates in 60 other cities very soon as part of its partner program.
