Binova
Marketplace for building materials and contractors
ProptechB2B / B2CTashkent
Binova is an all-in-one digital platform for the construction industry. It connects customers with suppliers, contractors and equipment rental companies through a single marketplace, and an AI assistant helps users make faster, smarter construction decisions.
Traction
$40,000
GMV to date
$4,000
Revenue to date
UZS 65M
Tender won, Sep 2026
4,500
Monthly visitors
- 4 deals closed in 2 days; $32.7K secured across 2 construction companies
- Multicard payments live; receivables factoring secured with Hayot Bank and Flott
- Binova Buyer App live on Google Play and the App Store
The problem
Construction is fragmented. Every service is sought in a different place, price and quality can't be compared, and deals run on personal connections, so projects get slower, costlier and less transparent.
- Every service has to be sought in a different place
- Price and quality cannot be compared
- The process runs on personal connections
The solution
One construction super app: a supplier marketplace for materials, contractors matched by job, equipment rental and an AI assistant that guides decisions.
- Materials - A marketplace of suppliers
- Contractors - Find and hire by job
- Equipment - Rental in the same app
- AI assistant - Faster, better-informed decisions
The company
What makes it different
A super app, not a standalone service
Competitors focus on single services. Binova combines materials, contractors, equipment rental and AI tools in one construction super app.
Who it's for
- Small and mid-sized construction companies, contractors and real-estate developers
- Suppliers, equipment rental companies and homeowners managing their own build
How it makes money
- Now: revenue from construction-materials sales: $40,000 GMV and $4,000 revenue to date
- Next: commission on contractor services, equipment rental, tenders and AI solutions
Market
$22.7B
Construction market, Uzbekistan
$4.3B
Initial target market
$20M
Obtainable share (SOM)
Uzbekistan's construction sector is growing fast, yet most of its processes still run offline and through personal connections: room for the sector's digital infrastructure.
Competitors
- Local platforms - Domplan, 24stroy, OLX: mostly listings and sales.
- Traditional market - Offline markets for construction materials and services.
Founders
Muhammad worked for 2 years at United Building, a construction company, specialising in procurement and supply. During this time he experienced first-hand the inefficiencies, fragmentation and lack of transparency in construction purchasing.
These challenges inspired him to leave the company and build Binova, a platform designed to make construction procurement faster, simpler and more transparent. At Binova he is responsible for operations and sales.
Muhammad is a 3rd-year Economics & Finance student at Westminster International University in Tashkent.
Jaxonshod Sharipov
Co-founder & CFO at Binova
Background
- Procurement and supply, United Building (construction): 2 years
- Westminster International University in Tashkent: Economics & Finance, 3rd year
- Runs operations and sales at Binova
Milestones
- 1-3 SepWon a UZS 65M tender; $32,700 in negotiation with 2 construction companies
- 9 SepReceivables factoring with Flott; UZS 10M of receivables came in
- 11-12 SepTechnical due diligence finished; site traffic up 67-80% to 4,500 a month
- 15-16 SepMulticard payments live; Hayot Bank factoring; seller panel with 3,461 SKUs
- 17 Sep4 deals in 2 days
- 20-22 SepFull Apple Developer account: ready for the App Store
- OctBinova Buyer App live on Google Play and the App Store
The round
$80,000
raising
Use of funds
Sales and market capture
40%
Product and AI features
35%
Team and operating costs
25%
