About Us

  1. Home
  2. About Us

Know More About Us

Together we are creating a smarter Formwork Industry

Formbid is a technology-driven platform that bridges the gap between suppliers and buyers in the system formwork industry. We were founded in 2022 by Subash Arunachalam, who has a proven track record of formwork sales in international markets. Our mission is to simplify and expedite the formwork buying and selling process by
implementing artificial intelligence, machine learning, and deep learning algorithms.

Formbid is currently connecting buyers and sellers in the Asia Pacific region. We offer a wide range of features that make it easy for buyers and sellers to connect and transact, including:

  • A searchable database of system formwork products and suppliers
  • A bidding and tendering system that allows buyers to request quotes from suppliers
  • A secure payment system that protects the interests of both buyers and sellers

Formbid is committed to providing a seamless and efficient formwork buying and selling experience for all stakeholders. By using technology to automate the process, Formbid is able to save buyers and sellers time and money, while also increasing transparency and reducing risk.

How Formbid Differs

Formbid differs from other formwork companies in the following ways:

  • We are a technology-driven platform that uses artificial intelligence, machine learning, and deep learning to automate the buying and selling process.
  • We offer a wide range of features that make it easy for buyers and sellers to connect and transact.
  • We are committed to providing a seamless and efficient formwork buying and selling experience for all stakeholders.

FORMBID RECOGNITIONS:

  • DPIIT Recognised: Formbid is a recognized startup by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. This
    recognition is a testament to Formbid’s commitment to innovation and its potential to contribute to the Indian economy.
  • TANSIM Recognised: Formbid is a recognized startup by the Tamil Nadu Startup and Innovation Mission (TANSIM). This recognition is a validation of Formbid’s
    potential to make a positive impact on the Tamil Nadu economy.
  • TANSEED 4.0 grant Winners: Formbid is one of the winners of the TANSEED 4.0 grant, which is a program by TANSIM to support innovative startups in Tamil Nadu.
    This grant will help Formbid to further develop its platform and expand its reach.

Formbid’s recognitions are a testament to its commitment to innovation and its potential to make a positive impact on the construction industry. By using technology to automate the formwork buying and selling process, Formbid is able to save buyers and sellers time and money, while also increasing transparency and reducing risk.