Funding Alert
Bandhoo Raises Pre-Series A Round Led by VCats for Expansion
-
ByStartupStory | February 29, 2024
Bandhoo, a proptech firm, secured Rs 7.35 crore ($0.9 million) in a pre-Series A funding round led by Venture Catalysts, with participation from Neeraj Aggarwal, Manish Gupta, S Srinivasan, Amit Khera, and Abhishek Kumar.
“The fresh funds will be used to continue our investments in the Technology solutions we offer as well as Go-To-Market teams on ground in various metro cities,” stated the company. Co-founded in 2020 by Prashant Gupta and Sridhar Sundaram, Bandhoo offers construction technology and services, catering to various stakeholders in the construction ecosystem through cloud-SaaS and marketplace solutions. “According to the Bengaluru-based company, it leverages SaaS solutions and managed marketplaces and empowers stakeholders across real estate, infrastructure, and construction domains,” the report highlighted.
Bandhoo claims to serve over 20 developers, 10,000 material suppliers, 1 lakh contractors, and 2.5 lakh construction workers. The firm had previously raised $1.5 million in its seed round in June 2021 from Unitus, InfoEdge Ventures, and Bharat Innovation Fund. Venture Catalysts, an integrated incubator, typically invests $250K – $2 Mn in early-stage startups, having backed over 300 startups since inception.
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
