Bandhoo, a burgeoning player in construction technology and services, has secured a significant investment of Rs 7.35 crore ($0.9 million) in its latest pre-Series A funding round. Founded in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo is on a mission to transform the construction landscape with its forward-thinking cloud-based Software as a Service (SaaS) offerings and innovative marketplace solutions.
These cutting-edge tools cater to a diverse range of stakeholders within the construction sector, spanning developers, builders, contractors, Project Management Consultants (PMCs), material suppliers, and construction workers alike. Venture Catalysts, a pioneering force in India’s startup ecosystem and the nation’s premier early-stage investment firm, spearheaded this funding initiative.
Renowned for its strategic investments in nascent ventures, Venture Catalysts seeks to drive efficiency and innovation across various industries. The funding round also witnessed participation from a cadre of esteemed angel investors, including Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar, underscoring the widespread enthusiasm for Bandhoo’s vision and potential.
The infusion of capital will be strategically allocated towards strengthening Bandhoo’s Go-To-Market (GTM) teams in key metro areas. This strategic deployment of resources aims to bolster product development efforts and propel the company’s growth trajectory forward, capitalizing on the rapid adoption of its compelling solutions by both large enterprises and Small and Medium Enterprises (SMEs) operating in the real estate and construction sectors.
Bandhoo serves as a comprehensive platform that seamlessly integrates developers, PMCs, contractors, material suppliers, and laborers into a cohesive ecosystem. Leveraging state-of-the-art SaaS solutions and managed marketplaces, the startup empowers stakeholders across the realms of real estate, infrastructure, and construction, facilitating streamlined project management and uninterrupted operations.
With an impressive user base boasting over 20 developers, 10,000 material suppliers, 1 lakh contractors, and more than 2.5 lakh construction workers, Bandhoo stands at the forefront of revolutionizing India’s expansive $300 billion construction market, poised to continue its trajectory of innovation and impact in the sector.
