Bandhoo Raises Pre-Series A Round Led by VCats for Expansion

Bandhoo, a proptech firm, secured Rs 7.35 crore ($0.9 million) in a pre-Series A funding round led by Venture Catalysts, with participation from Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar. 

“The fresh funds will be used to continue our investments in the Technology solutions we offer as well as Go-To-Market teams on ground in various metro cities,” stated the company. Co-founded in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo offers construction technology and services, catering to various stakeholders in the construction ecosystem through cloud-SaaS and marketplace solutions. “According to the Bengaluru-based company, it leverages SaaS solutions and managed marketplaces and empowers stakeholders across real estate, infrastructure, and construction domains,” the report highlighted.

Bandhoo claims to serve over 20 developers, 10,000 material suppliers, 1 lakh contractors, and 2.5 lakh construction workers. The firm had previously raised $1.5 million in its seed round in June 2021 from Unitus, InfoEdge Ventures, and Bharat Innovation Fund. Venture Catalysts, an integrated incubator, typically invests $250K – $2 Mn in early-stage startups, having backed over 300 startups since inception.