Oico

Oico's Founding and History

Oico was founded in August 2020 and quickly positioned itself as an essential player in the B2B marketplace for construction materials. By being part of the Y Combinator S20 batch, Oico gained valuable mentorship and resources that accelerated its growth. The company was launched with the aim of providing a one-stop solution for large contractors in Brazil to buy construction materials, addressing a significant need in the market. Its presence in São Paulo, SP, Brazil, serves as a strategic location for connecting with key stakeholders in the construction industry.

Oico's Services

Oico functions as a comprehensive B2B marketplace specifically designed for the construction industry. The platform offers a streamlined process for large contractors to procure construction materials, thus enhancing operational efficiency. By providing a one-stop solution, Oico simplifies the supply chain, reducing time and costs associated with material procurement. This service is particularly beneficial for large-scale projects that require timely and reliable supply chains. Oico's marketplace connects contractors with a wide range of suppliers, ensuring that clients have access to diverse and high-quality materials.

Oico's Market Reach

Oico primarily operates in Brazil but has extended its services to other parts of Latin America. The company's ability to offer remote and partly remote services broadens its market reach, making it accessible to a wider audience. This regional expansion is crucial for Oico as it aims to establish itself as the go-to marketplace for construction materials across Latin America. The operational flexibility allows Oico to cater to clients in various locations, providing them with the same level of service excellence regardless of geographical constraints.

Oico's Team

With a dedicated team of 35 professionals, Oico combines expertise in both the construction and tech industries to provide top-notch services to its clients. The team's diverse skill set includes supply chain management, technology development, and customer service, ensuring that all aspects of the business are effectively managed. The relatively small team size allows for agility and quick decision-making, which are essential in a fast-paced industry. Being part of the Y Combinator S20 batch has also provided the team with unique insights and strategies for scaling the business efficiently.

Oico's Industry Impact

Operating within the B2B and Operations sub-industry, Oico has made significant strides in transforming how construction materials are procured in Brazil and Latin America. By digitizing the procurement process, Oico has introduced a level of transparency and efficiency previously unseen in the market. This innovation not only benefits large contractors but also fosters a more competitive and fair marketplace for suppliers. As the construction industry continues to grow, Oico's contributions are likely to have a lasting impact on operational efficiencies and cost savings in the sector.