India’s leading integrated incubator and early-stage investment firm, Venture Catalysts, has taken the lead in the Pre-Series A funding round for Bandhoo, injecting a total of INR 7.35 Crore along with other significant investors. Bandhoo, a pioneering construction technology and services company, is rapidly transforming the construction ecosystem in India.
Revolutionizing the Construction Sector
Bandhoo operates in India’s construction market, valued at a substantial $300 billion. The company offers an innovative platform that seamlessly integrates developers, project management consultants (PMCs), contractors, labour contractors, material suppliers, and workers. By leveraging cutting-edge software-as-a-service (SaaS) solutions and managed marketplaces, Bandhoo streamlines construction processes across the real estate, infrastructure, and construction domains. Dr. Apoorva Ranjan Sharma, Director and Managing Director of Venture Catalysts, stated, “Bandhoo’s mission to streamline construction processes aligns perfectly with our vision of fostering disruptive technological solutions in India. Their innovative approach and comprehensive offerings address critical pain points in the construction industry, propelling efficiency and driving growth. We are excited to partner with Bandhoo on their journey to redefine India’s construction landscape and look forward to catalyzing their expansion into new horizons.”
Remarkable Support from Industry Veterans
Bandhoo’s Pre-Series A funding round received support not only from Venture Catalysts but also from Bandhoo’s visionary founders, Prashant Gupta and Sridhar Sundaram, alongside esteemed angel investors including Neeraj Aggarwal BCG, Manish Gupta Indegene, S Sriniwasan Kotak, Amit Khera McKinsey, and Abhishek Kumar. This collaborative effort underscores the confidence and backing of industry veterans in Bandhoo’s transformative potential. Prashant Gupta, Co-Founder of Bandhoo, expressed enthusiasm for the future, stating, “We have built two very compelling solutions, which are getting rapidly adopted by large enterprises and SMEs in Real Estate and construction. We already have 20 developers, 10,000 material suppliers, 1 lakh contractors, and more than 2.5 lakh construction workers using Bandhoo. This funding will help us continue our growth by enabling fresh capital to further invest in our tech product development, as well as GTM.” Sridhar Sundaram, Co-Founder of Bandhoo, added, “Technology is a powerful lever for connecting India’s large construction market. With this fund-raise, we will finish building the digital infrastructure for Indian construction stakeholders.”
Validation Through Earlier Seed Round Success
Bandhoo’s successful Pre-Series A funding round follows their earlier Seed round in June 2021, where the company raised USD 1.5 million from Unitus, InfoEdge Ventures, and Bharat Innovation Fund. This impressive achievement validates Bandhoo’s disruptive potential and market traction. As Bandhoo continues to revolutionize the construction sector in India, the Pre-Series A funding round led by Venture Catalysts represents a significant milestone. With substantial support from investors and the growing adoption of their solutions, Bandhoo is well-positioned to redefine the construction landscape and drive further growth in the industry.
