Bandhoo, a proptech firm specializing in construction technology and services, has secured Rs 7.35 crore ($0.9 million) in a pre-Series A funding round. The round was spearheaded by Venture Catalysts, with notable contributions from investors including Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar.
This recent funding marks another milestone for Bandhoo, following its successful seed round in June 2021, which raised $1.5 million from prominent backers such as Unitus, InfoEdge Ventures, and Bharat Innovation Fund.
The influx of fresh capital is earmarked for further bolstering Bandhoo’s technological offerings and expanding its Go-To-Market teams across various metropolitan areas.
Established in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo has emerged as a frontrunner in the construction ecosystem. The company provides a suite of cloud-SaaS and marketplace solutions tailored to developers, builders, contractors, PMCs, material suppliers, and construction workers.
Operating from Bengaluru, Bandhoo harnesses the power of SaaS solutions and managed marketplaces to empower stakeholders in real estate, infrastructure, and construction sectors. This approach ensures streamlined project management and seamless operations throughout the construction lifecycle.
With a strong foothold in the market, Bandhoo boasts a vast network, including over 20 developers, 10,000 material suppliers, 1 lakh contractors, and 2.5 lakh construction workers.
Venture Catalysts, known for its extensive support to early-stage startups, has made significant strides in the investment landscape. With a track record of backing over 300 startups, Venture Catalysts continues to play a pivotal role in nurturing innovative ventures.
