construction technology startup Bandhoo raises Rs 7.35Cr led by Venture Catalysts, others

Bandhoo, a construction technology and services startup, has raised Rs 7.35 crore ($0.9 million) in a pre-Series A funding round.

Co-founded in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo aims to revolutionize the construction ecosystem through its innovative cloud-SaaS and marketplace solutions. These solutions are designed to serve a wide array of stakeholders in the construction industry, including developers, builders, contractors, PMCs, material suppliers, and construction workers.

Who led the funding round?

The funding round was led by Venture Catalysts, India's first integrated incubator and the largest early-stage investment firm. The firm is known for its strategic investments in early-stage startups, aiming to drive transformation and efficiency in various sectors.

Alongside Venture Catalysts, the funding round saw participation from several esteemed angel investors, including Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar.

How will the funds be used?

The raised funds will be used for bolstering the Go-To-Market (GTM) teams across various metro cities. This strategic allocation of resources is aimed at enhancing product development and accelerating the company's growth by leveraging its compelling solutions that have seen rapid adoption by large enterprises and SMEs alike in the real estate and construction sectors.

Revolutionizing construction market

Bandhoo is a comprehensive platform that integrates developers, PMCs, contractors, material suppliers, and workers into a seamless ecosystem. Leveraging cutting-edge SaaS solutions and managed marketplaces,

The startup empowers stakeholders across real estate, infrastructure, and construction domains, ensuring efficient project management and uninterrupted operations.

With over 20 developers, 10,000 material suppliers, 1 lakh contractors, and more than 2.5 lakh construction workers using Bandhoo, the company is at the forefront of revolutionizing India’s $300 billion construction market.