By working closely with real estate, infrastructure and construction companies, building-material suppliers, and construction workers, Bandhoo 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, Unitus said in a press release.
The startup is based out of Gurugram and Bengaluru. Founded by Prashant Gupta, CEO, and Sridhar Sundaram, CTO, in 2020, Bandhoo brings the ease of e-commerce to construction by enabling the value chain using technology. Bandhoo is a 15-member team based out of Gurugram and Bengaluru.
Gupta said the funds will be used to expand the engineering team, invest in building new features and functionality, and scale up operations. “We aim to onboard several large real estates and infrastructure companies, about 25,000 SME construction contractors and more than 150,000 construction workers by 2022–23. With such dramatically increased scale of supply, getting workers and labor contractors to any project site anywhere in India will be far easier and cost and time effective,” he said in the press release.
Unitus senior partner Surya Mantha said: “Bandhoo delivers impact at scale for this segment of workers and enhances the productivity and business results of SMEs by connecting them with workers and large builders and contractors alike. This will put India back on the global map in the coming decades as Bandhoo formalises a labor-intensive market like India.”