Recently, we interacted with Mr. Nishant Sinsinwar, CEO and Founder, of Projects Makers, which aims to disrupt $30 billion interior industry in India. Here are the interview highlights:
1. What inspired you to create Projects Makers and address the challenges in the Indian interior execution market? Can you tell us about the problem you identified and the opportunity you saw in the industry?
The inspiration behind creating Projects Makers and addressing the challenges in the Indian interior execution market stemmed from a clear problem we identified. The interior industry in India, valued at an estimated $25-30 billion, has long remained unorganized, making it difficult for clients to find reliable vendors. We saw an opportunity to bridge this gap and create a platform that would act as an intermediary between clients and local interior vendors, providing an organized and structured marketplace.
Our goal is to solve the problem of finding trustworthy and committed vendors while empowering small and medium-sized contractors with consistent work. By connecting clients with local vendors, Projects Makers not only makes it easier for clients to find reliable professionals but also supports contractors who often struggle to compete in the unorganized industry. We saw immense potential in transforming the interior execution market by providing clients with a space to compare their budgets with different vendors, enabling them to make informed decisions and optimize their budget effectively.
2. How do Projects Makers differentiate itself from other platforms in the market? What unique features or value propositions does it offer to clients and vendors?
Projects Makers differentiates itself from other platforms in the market through its unique features and value propositions. Our platform empowers clients by providing them with the ability to compare their interior budget with different vendors and receive bids on their quotations. This feature gives clients a level of control and transparency that is unmatched by any other platform. By having multiple vendors compete for a project, clients can make informed decisions based on cost, quality, and reputation.
Furthermore, Projects Makers focuses on promoting trust, affordability, and commitment. We carefully vet and curate vendors to ensure they meet our high standards, providing clients with trustworthy professionals. Additionally, we emphasize affordability to make interior execution services accessible to a wider range of clients. By connecting clients with local vendors, we foster commitment, as vendors benefit from continuous work in their local area, ensuring long-term partnerships and satisfied clients.
3. As an entrepreneur, what motivated you to venture into the interior execution market and create Projects Makers? Can you share the specific problem you identified and the potential you saw in transforming the industry?
As an entrepreneur, my motivation to venture into the interior execution market and create Projects Makers stemmed from the recognition of a specific problem. The interior industry in India lacked organization and structure, making it challenging for clients to find reliable vendors. This unorganized state of affairs presented an opportunity to build a platform that would benefit both clients and local contractors.
By creating Projects Makers, we aimed to establish an organized and structured market that would address these challenges. We envisioned a platform that would provide clients with trustworthy vendors, allowing them to make informed decisions while optimizing their budgets. Simultaneously, we sought to empower small and medium-sized contractors by offering them a steady flow of work in their local areas, helping them overcome the struggles they often face in competing with larger players in the industry.
4. Looking ahead, what is your vision for the impact of Projects Makers on the Indian interior execution market? How do you plan to promote fair compensation for skilled professionals and foster a culture of respect for their hard work within the industry?
Looking ahead, our vision for the impact of Projects Makers on the Indian interior execution market is significant. We aim to bring about transformative changes by providing an organized and structured marketplace that elevates the status of skilled laborers and contractors. Through our platform, we strive to promote a culture of fair compensation for these professionals, ensuring they are duly recognized for their hard work and expertise.
To promote fair compensation, we prioritize transparency and encourage clients to value the effort that goes into interior design projects. By connecting clients with trustworthy vendors and empowering them to compare budgets and bids, we enable clients to make informed decisions based on factors beyond just cost. This helps promote a culture of respect for skilled professionals, fostering an environment where fair compensation becomes the norm rather than the exception.
5. Could you provide more insights into how the comparison of interior budgets and bids on quotations works on Projects Makers? How does this feature empower clients to make informed decisions and optimize their budgets effectively?
The comparison of interior budgets and bids on Projects Makers is a powerful feature that empowers clients to make informed decisions and optimize their budgets. When clients submit their project details and budget, multiple vendors on our platform review the requirements and provide quotations. Clients can then compare the received bids, which include cost, scope of work, timeline, and quality. This comprehensive information allows clients to evaluate each bid based on their specific needs and preferences. By having multiple vendors compete for a project, clients gain transparency into market rates and can negotiate more effectively.
This feature enables clients to make informed decisions, ensuring they receive the best value for their investment. Clients can optimize their budgets by assessing the cost-benefit ratio and selecting the vendor that aligns with their vision, requirements, and budgetary constraints. Ultimately, the comparison of interior budgets and bids on Projects Makers empowers clients to make well-informed choices, resulting in successful projects that meet their expectations.