Bandhoo, a Bengaluru, India-based proptech firm, has raised Rs 7.35 crore ($0.9 million) in pre-Series A funding.
SaaS Investors
The round was led by Venture Catalysts, with participation from Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar.
Bandhoo Use of Funds
The company will use the funds towards enhancing technology solutions and expanding Go-To-Market teams in metro cities.
About Bandhoo
Founded in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo provides construction technology and services company which offer multiple cloud-SaaS and marketplace solutions, serving developers, builders, contractors, PMCs, material suppliers, and construction workers. With over 20 developers, 10,000 material suppliers, 1 lakh contractors, and 2.5 lakh construction workers, Bandhoo aims to streamline project management and operations in the real estate, infrastructure, and construction sectors. Its mission is to help increase income opportunities for construction workers and contractors.
Funding Details
Company: Bandhoo Solutions and Services Pvt Ltd
Raised: Rs 7.35 Crore
Round: Pre-Series A
Funding Month: February 2024
Lead Investors: Venture Catalysts
Additional Investors: Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar
Company Website: https://bandhoo.com/
Software Category: Construction
Source: https://entrackr.com/2024/02/proptech-firm-bandhoo-raises-pre-series-a-round-led-by-vcats/