Knest Aluform Raises ₹300 Cr from Lighthouse Funds to Lead India’s ConstructionTech Revolution

Knest, a Pune-based construction technology company, has raised ₹300 Cr in growth capital from Lighthouse Funds to supercharge its mission of building faster, safer, and more sustainable cities.

Founded by Nitin Mittal in 2015, Knest is at the forefront of India’s formwork and construction innovation, enabling next-gen real estate and infrastructure with tech-driven build systems.

This investment will be used to:

Accelerate R&D and product development

Expand manufacturing capacity across key hubs

Support backward integration for operational efficiency

Grow construction safety solutions alongside core formwork systems

Knest currently operates 3 manufacturing units in Maharashtra and Gujarat with a combined annual capacity of over 2 million sqm of aluminium formwork powering everything from high-rises to urban expansion projects.

“We’re not just building formwork, we’re building the future of Indian construction rooted in speed, safety, and sustainability,” said Nitin Mittal, Founder, Knest.

“Knest is exactly the kind of future-forward company we believe in,” added Sachin Bhartiya, Co-founder & Partner at Lighthouse Funds.

With construction entering its digital and modular phase, Knest is positioning itself as India’s leading ConTech player, ready to scale across markets and modernise how buildings are made.

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