Bandhoo raises $1.1 mn funding to make labour market more transparent

Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.

Peerzada Abrar Bengaluru
L-R Bandhoo founders, Prashant Gupta and Sridha

L-R Bandhoo founders, Prashant Gupta and Sridha

Bandhoo, a platform that aims to transform the digital landscape of the Indian construction sector, has raised $1.1 million from Unitus Ventures. By working closely with real estate, infrastructure and construction companies, building-material suppliers, and construction workers, Bandhoo said it is set to make the labor market more transparent and efficient. With this, Unitus Ventures completes its twelfth investment in the job-tech category. Bharat Innovation Fund and other angel investors participated in this round.
Founded by Prashant Gupta, CEO, and Sridhar Sundaram, CTO, in 2020, Bandhoo helps builders and infrastructure companies save costs and time in their project and procurement process. The platform brings the ease of e-commerce to construction by enabling the entire value chain using cutting-edge technology. Bandhoo is a 15-member team based out of Gurugram and Bengaluru.
“The funds will primarily be used to expand the engineer

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First Published: Jul 27 2021 | 5:08 PM IST

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