FCC

A phygital solution for spare parts

2022-07-21

For far too long, the construction sector has been pockmarked with technology hesitancy. This was disrupted by the rapid tech adoption that organisations globally were driven to in a bid to keep their operations running. Yantralive is a digital platform that uses tech as an enabler to provide the right equipment and spare parts to its customers.

Broadly, the startup caters to three owner categories:
1. Large corporates who typically get contracts from government and usually buy their own machines
2. Fleet owners who own a certain number of machines that they rent out or undertake work on their own
3. Individual owners, who are typically rural entrepreneurs, with one or two machines.
“The problem for all of these owners, however, is the same,” Ajay Anand, Co-Founder, says. “Irrespective of the work, the machines keep breaking down and they need access to service engineers and spare parts.” Breakdown time especially impacts individual owners as their machines are the sources of their livelihood.

The article further explores Yantralive’s unique solutions with co-founders Vikram Joshi and Ajay Anand.