Hubware Launches Digital Construction Ecosystem Following Investment From Buildmart PH

BuildMart PH Technologies, Inc., an e-commerce platform catering to B2B transactions linking manufacturers and hardware stores, has made an undisclosed investment in Hubware Corporation. This investment facilitated the launch of "BuildHub.ph," an online platform designed to serve as a centralized system for the construction industry. 

Build Mart Shipping

The official announcement of the investment took place on April 4, 2024, at the Atrium, Enderun Colleges, McKinley, Taguig, marked by an event themed "Building the Future Together." The launch event featured distinguished guests and speakers, including Duane Young, Chief Operating Officer of BuildHub.ph; John Richard Sotelo from Robinson's Land Corp; Engineer Edward Paul Apigo of the Department of Science and Technology - Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD); Reginald Yu Jr. of the Philippine Paint + Coatings Association, Inc.; Raul Quisimbing of Global Port Terminals; Noel M. Cariño of the Chamber of Real Estate; and representatives from the office of Undersecretary Lyle Pasco of the Department of Human Settlements and Urban Development, namely Director Ryan Jaen and Director Norman Doral.

Duane Young, Chief Operating Officer of BuldHub

This strategic investment paves the way for Hubware to establish a comprehensive digital construction ecosystem in the Philippines, anchored by its flagship platform, BuildHub.ph. This online marketplace is geared towards streamlining and enhancing the visibility of construction sellers, particularly hardware stores and brands, thus strengthening their online presence and expanding their customer base. Leveraging Buildmart's network of 18 fulfillment centers nationwide, along with partnerships with 33 renowned brands like Republic Cement, TKL Steel, Union, Saint Gobain, and Vicem, as well as 150 hardware store partners, BuildHub.ph aims to revolutionize the industry.

BuildHub.ph will introduce innovative products such as BuildCredit, a dedicated financing facility offering competitive interest rates ranging from 1% to 3% for terms spanning 30 to 60 days. This initiative is tailored to support the growth of hardware stores and builders alike. Furthermore, the marketplace will capitalize on BuildmartShipping, an in-house logistics and warehousing network ensuring the prompt delivery of over 400 shipments monthly. This service utilizes a fleet of 10 trucks and "MV Buildmart 1," a vessel with a capacity of 22,000 bags, to facilitate timely deliveries. The launch of BuildHub.ph signifies a significant leap forward in addressing challenges prevalent in the construction industry, such as manual transactions, limited payment options, and prolonged delivery times.

Andre Bernardo, co-CEO of BuildHub.ph, underscored the significance of industry expertise and strategic collaborations in driving innovation within the construction sector. He stated, "With a combined 67 years in construction, our team adeptly identifies industry pain points, devises effective solutions, and fosters sustainable partnerships with hardware sellers, construction brands, and contractors across the Philippines. Together, we strive to shape the future of inclusive business and community development."

Established in 2018, Hubware Corporation holds the distinction of being the Philippines' pioneering specialized online marketplace catering to the construction, hardware, and home improvement domains. Its mission is to empower small and medium-sized enterprises through digital advancements.

Marika Laciste, Chief Business Officer of BuildHub.ph, commented, "This strategic alliance represents a monumental leap forward for the technology industry, with both Hubware Corporation and BuildMart PH Technologies Inc. set to transform the digital landscape of the construction sector."

Marika Laciste, Chief Business Officer of BuildHub

BuildMart PH Technologies Inc. has established itself as a reliable supplier of premium building materials at competitive prices. Leveraging its extensive network and assets within the construction sector, the company continues to make substantial progress in delivering quality products to its clientele.

Bernardo views the partnership as a strategic alignment with a successful business model, stating, "Our collective goal is to dominate the sector by adopting Jack Ma's Alibaba Iron Triangle model, which focuses on three core elements: platform, logistics, and financing."

Richard Lim Jr., co-CEO of BuildHub.ph, emphasizes the importance of dedication, perseverance, and collaboration in achieving a sustainable future. He explains, "If you aim for quick results, you may choose to work alone. However, for enduring and lasting outcomes, collaboration is essential. Here at BuildHub, we are committed to building a future that stands the test of time together."

Richard Lim Jr., Co-CEO of BuildHub

Engr. Edward Paul Apigo of DOST-PCIEERD reaffirms their commitment to supporting the construction industry within the startup community. He says, "We have also implemented our startup development program to foster an integrated, inclusive, and sustainable Philippine startup ecosystem. Through our various programs, we aim to support and nurture the diverse needs of startups such as our startup grant fund program." 

Despite the fragmented nature of the local construction industry, BuildHub.ph identifies significant growth opportunities, projecting a market value of $18 billion (approximately Php1 trillion), with 30% to 40% dedicated to construction supplies and materials.

Looking ahead, BuildHub.ph sets ambitious goals to increase its user base tenfold in 2024, achieve a gross merchandise value of Php1 billion by 2025, and expand its partnerships nationwide. Additionally, BuildHub.ph will spearhead the Philippine Construction Trade Show (PhilCon) in Visayas in June and in Mindanao in September 2024, contributing significantly to the industry's future.