Venture Catalysts, an built-in incubator and early-stage funding firm, mentioned it had led the pre-Series A funding round together with different traders for Bandhoo, a building know-how and providers firm, injecting ₹7.35 crore.
“Bandhoo’s mission to streamline construction processes aligns perfectly with our vision of fostering disruptive technological solutions in India,” mentioned Apoorva Ranjan Sharma, Director & MD, Venture Catalysts.
Prashant Gupta, co-founder of Bandhoo mentioned, “We have built two very compelling solutions, which are getting rapidly adopted by large enterprises and SMEs in real estate and construction. We already have 20 developers, 10,000 material suppliers, 1 lakh contractors, and more than 2.5 lakh construction workers using Bandhoo.”
“This funding will help us continue our growth by enabling fresh capital to further invest in our tech product development,” he mentioned.
Sridhar Sundaram, co-founder of Bandhoo, added, “Technology is a powerful lever for connecting India’s large construction market. With this fund-raise, we will finish building the digital infrastructure for Indian construction stakeholders.”
Bandhoo’s Pre-Series A funding round follows its earlier Seed round in June 2021, the place the corporate had raised $1.5 million from Unitus, InfoEdge Ventures, and Bharat Innovation Fund.
