In this insightful episode of the ELI Podcast, we sit down with Nitin Kochhar, the Chief Operating Officer & Chief Business Officer at Brick & Bolt. Nitin, a seasoned "Unicorn Builder" with a remarkable background in e-commerce (Flipkart, Shopclues), logistics (Rivigo), and EdTech (White Hat Jr., Embibe), shares his journey of venturing into the massive tech-enabled construction market.Discover how Brick & Bolt is transforming the residential and commercial construction landscape in India by addressing critical customer pain points:- Delays: Eliminating project delays with penalty-backed timelines.- Cost Overruns: Ensuring transparent pricing and no unexpected cost increases.- Money Security: Implementing an industry-changing EMD (Earnest Money Deposit) system for contractor accountability.- Transparency & Quality: Utilizing 16 proprietary apps and a "digital twin" concept for real-time monitoring and over 470 quality checks through QASCON, even for NRI customers abroad.Chapters[00:00 ] Introduction[00:46 ] Nitin Kochhar's Journey to Brick & Bolt (Flipkart, Shopclues, Rivigo, Hero Group, White Hat Jr., Embibe)[01:50 ] The "Unicorn" Success & Startup Mindset[02:29 ] Brick & Bolt: On Track to Become a Unicorn in India's $600 Billion Construction Market[03:35 ] The Core Problems Brick & Bolt is Solving in Construction (Delays, Cost Overruns, Money Security, Transparency)[05:59 ] Monitoring Experience: The 16 Apps & Digital Twin for Customers[09:03 ] Solving Financial Insecurity & Inconsistent Deliveries with EMD and Vetting Contractors[12:45 ] Penalty System for Delays & High On-Time Delivery Rates[13:52 ] Brick & Bolt's Pricing vs. Local Contractors: Transparent BOQ & Value Proposition[15:46 ] Nitin Kochhar's Day-to-Day Role as COO & CBO[17:30 ] Handling Volatilities in Construction (Material Costs, Weather) with Tech-Driven Scheduling[18:32 ] Customer Acquisition & Growth Strategy (Digital, Offline, Commercial)[20:58 ] Scaling to Different Cities: Addressing Regional Challenges & Bylaws[23:23 ] Future Expansion Plans for Brick & Bolt[24:14 ] Future Innovations: AI in Quality Control & 3D Printing in Construction[27:30 ] Entrepreneurial Learnings: Mental Strength, Learning Mindset & People Skills[29:15 ] Closing Remarks & Best Wishes