Home Scam/Fraud Bandhoo raises $1.1 million funding from Unitus Ventures, Real Estate News, ET...

Bandhoo raises $1.1 million funding from Unitus Ventures, Real Estate News, ET RealEstate

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NEW DELHI: Bandhoo, a construction-tech start-up, on Tuesday said it has raised USD 1.1 million (about Rs 8,1 crore) in funding from Unitus Ventures and others. Bharat Innovation Fund and other angel investors participated in this round, according to a statement.

The funds will primarily be used to expand the engineering team, invest in building new features and functionality, and scale up operations. The company aims to onboard several large real estates and infrastructure companies, about 25,000 SME construction contractors and over 1,50,000 construction workers by 2022-23.

By working closely with real estate, infrastructure and construction companies, building-material suppliers, and construction workers, Bandhoo aims to make the labour market more transparent and efficient. Founded by Prashant Gupta and Sridhar Sundaram in 2020, Bandhoo is a 15-member team based out of Gurugram and Bengaluru.

Since February 2020, Bandhoo has…

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