Venture Catalysts, India’s pioneering integrated incubator and the largest early-stage investment firm, has announced its leadership in the Pre-Series A funding round for Bandhoo, along with other prominent investors injecting INR 7.35 Crore into the innovative construction technology and services company. This strategic investment underscores Venture Catalysts’ unwavering dedication to fostering innovation and driving change in India’s construction sector.
Catering to India’s vast $300 billion construction market, Bandhoo stands at the forefront of transforming the construction ecosystem by seamlessly integrating various stakeholders such as Developers, PMCs, contractors, labour contractors, material suppliers, labour suppliers, and workers into its comprehensive platform. Through cutting-edge SaaS solutions and managed marketplaces, Bandhoo empowers stakeholders across the real estate, infrastructure, and construction domains, ensuring efficient project management and uninterrupted operations.
“Bandhoo’s mission to streamline construction processes perfectly aligns with our vision of nurturing disruptive technological solutions in India,” stated Dr. Apoorva Ranjan Sharma, Director & MD of Venture Catalysts. “Their innovative approach and comprehensive offerings address critical pain points in the construction industry, driving efficiency and growth. We are thrilled to partner with Bandhoo on their journey to redefine India’s construction landscape and anticipate catalyzing their expansion into new horizons.”
The Pre-Series A funding round witnessed participation 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 support of industry veterans in Bandhoo’s transformative potential.
Prashant Gupta, Co-Founder of Bandhoo, expressed optimism about the company’s future endeavors, stating, “We have developed two highly compelling solutions that are gaining rapid adoption among large enterprises and SMEs in the real estate and construction sectors. Currently, we have onboarded 20 developers, 10,000 material suppliers, 1 lakh contractors, and over 2.5 lakh construction workers on the Bandhoo platform. This funding infusion will fuel our growth by providing fresh capital to further invest in our technology product development and go-to-market strategies.” Sridhar Sundaram, Co-Founder of Bandhoo, emphasized, “Technology serves as a potent tool for connecting India’s extensive construction market. With this round of funding, we aim to complete the development of the digital infrastructure for Indian construction stakeholders.”
Bandhoo’s successful Pre-Series A funding round builds upon its earlier Seed round in June 2021, where the company secured USD 1.5 million from Unitus, InfoEdge Ventures, and Bharat Innovation Fund. This fundraising success underscores Bandhoo’s disruptive potential and its traction in the market.
