Proptech Startup Landeed Raises $8.3 Million Funding
01/24/23, 9:28 AM
Location
Money raised
$8.3 million
Industry
real estate
software
Proptech startup Landeed said on Tuesday it has raised $8.3 million in round led by Draper Associates, Y Combinator and Bayhouse Capital.Landeed said it aims to build India's fastest and most comprehensive property title search engine. "This new funding is set to be utilised to infuse fresh talent into the company to support the accomplished team and further strengthen the technological infrastructure," the startup said in a statement.Landeed, which was founded in 2022, said it simplifies property due diligence for all parties to engage, communicate and close deals.The startup plans to hire ten more software developers to help it become an infrastructure-as-a-service (IaaS) provider for all real estate transactions."As India’s real estate market is expected to reach a size of $1 trillion by 2030, this funding presents the startup with a huge opportunity in the proptech market. Tapping into the industry need, the investment procured will be used in a manner to build for the maximum number of users to reach product-market fit," Landeed said. Sanjay Mandava, CEO and cofounder, Landeed, said, “Landeed weaves together multiple government departments across various states producing a ‘plaid-like’ property summary data
Company Info
Location
251 little falls drive
hyderabad, telangana, india
Additional Info
Landeed is building India's (then for rest of the world) fastest and most comprehensive property title search engine. More than 84% of Indian household wealth is stored in real estate, property and land. However, with 2/3rds of all court cases in India dealing with land-related disputes, it is essential that people have accessible public records to both protect themselves against litigation and provide appropriate documentation for facilitating transactions.