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Venture Catalysts, a leading integrated incubator and early-stage investment firm, announced its leadership in the pre-Series A funding round alongside other investors for Bandhoo, a prominent player in construction technology and services. The injection of ₹7.35 crore underscores a growing confidence in Bandhoo’s capacity to revolutionize construction processes.
Apoorva Ranjan Sharma, Director & MD of Venture Catalysts, expressed alignment between Bandhoo’s mission and their vision of fostering disruptive technological solutions in India.
Prashant Gupta, Co-founder of Bandhoo, highlighted the swift adoption of their two compelling solutions by large enterprises and SMEs in real estate and construction. With 20 developers, 10,000 material suppliers, 1 lakh contractors, and over 2.5 lakh construction workers already on board, Bandhoo aims to streamline industry operations.
The fresh capital infusion from this funding round will fuel further tech product development, ensuring Bandhoo’s continued growth.
Sridhar Sundaram, Co-founder of Bandhoo, emphasized the transformative potential of technology in connecting India’s vast construction market. The funding will expedite the completion of Bandhoo’s digital infrastructure, enhancing connectivity for all stakeholders.
Bandhoo’s Pre-Series A funding follows its successful Seed round in June 2021, where the company raised $1.5 million from Unitus, InfoEdge Ventures, and Bharat Innovation Fund.
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By Ravi Kumar
