Landeed, a Hyderabad-based proptech startup, has secured additional funding from Paradigm Shift VC as part of its ongoing seed round. The amount raised has not been disclosed.
The startup intends to use the new capital to expand its product offerings and increase its workforce both in India and internationally.
Landeed was founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards. The startup had previously raised INR 69.3 Cr ($8.3 Mn) in a seed round from Y Combinator, Draper Associates, and Bayhouse Capital.
Landeed is revolutionizing property due diligence, making it easier for all parties involved to communicate and close deals efficiently. Its property title search engine aims to simplify the traditionally complex process of verifying land ownership in India, where a presumptive ownership model is prevalent.
Landeed’s mobile application enables property owners, agents, developers, and legal advisors to check real estate records, aiding in building, lending, and transacting properties. Recently, Landeed introduced India’s first AI Property Analyzer, which provides a comprehensive ownership history of properties, including all transactions and encumbrances.
CEO Sanjay Mandava expressed gratitude for the partnership with Paradigm Shift VC, stating, “Though we weren’t actively raising funds, we decided to move forward with their investment due to our strong relationship and their support throughout our journey.”
Landeed is part of a growing ecosystem of startups focused on transforming land and property records in India. Other notable proptech platforms in this space include NoBroker, PropTiger, NVG Group, PG on Palm, Edu Prop Listing, and Kashyap.
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By Proptechbuzz
By Ravi Kumar
