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Bandhoo Builds Up with Rs 7.35Cr Funding Boost for Construction Innovation

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

Established in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo is committed to transforming the construction ecosystem through its innovative cloud-based Software as a Service (SaaS) offerings and marketplace solutions. These solutions cater to a diverse range of stakeholders within the construction industry, including developers, builders, contractors, Project Management Consultants (PMCs), material suppliers, and construction workers.

Leading the funding round is Venture Catalysts, India's pioneering integrated incubator and the largest early-stage investment firm renowned for its strategic investments in nascent startups aimed at driving efficiency and transformation across various sectors. Additionally, several distinguished angel investors, including Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar, also participated in the funding.

The freshly raised capital will be directed towards strengthening the Go-To-Market (GTM) teams across multiple metropolitan cities. This strategic allocation of resources is geared towards advancing product development and propelling the company's growth trajectory by capitalizing on its compelling solutions, which have garnered rapid adoption among both large enterprises and Small and Medium-sized Enterprises (SMEs) operating in the real estate and construction sectors.

Bandhoo functions as a comprehensive platform that seamlessly integrates developers, PMCs, contractors, material suppliers, and workers, thereby creating an interconnected ecosystem. Through state-of-the-art SaaS solutions and managed marketplaces, the startup empowers stakeholders across the real estate, infrastructure, and construction domains, facilitating efficient project management and uninterrupted operations.

With a user base comprising 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.


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