Bandhoo, a startup, has brought $1.1 million up in subsidizing from Unitus Ventures, with support from Bharat Innovation Fund and other private backers. This endeavor is an advanced occupation tech stage that empowers the land business to source a labor force.
Established by Prashant Gupta and Sridhar Sundaram in 2020, Bandhoo has onboarded more than 35,000 construction laborers and 6,500 little and medium-sized venture (SME) project workers since February last year.
The startup will utilize this capital for the extension of designing group, item advancement, and increasing tasks.
As indicated by the startup, it upholds a few land, framework, and construction organizations to work on their acquirement and undertaking activities, while saving money on schedule and expenses. Bandhoo is based out of Gurugram and Bengaluru.
On the gather pledges, Prashant said, “We mean to installed a few huge land and foundation organizations, around 25,000 SME construction project workers and in excess of 150,000 construction laborers by 2022–23. With such significantly expanded size of supply, getting laborers and work workers for hire to any project site anyplace in India will be far simpler and cost and time viable.”
Bandhoo said it means to make the work market more straightforward and productive. It has adjusted in excess of 10,000 positions and in excess of 500 tenders for SME project workers across in excess of twelve urban communities in India.
A report by CMIE features that the land and construction industry endured the greatest shot in work during April–May 2021. It saw business shrivel by 8.8 million on a base of around 64 million in March 2021. The vast majority of the work in this industry is casual. Assembling enterprises endured a shot of 4.2 million positions on a base of 30 million, with a significant number of these cutbacks in the medium and limited scope ventures.
For Unitus Ventures, this is its twelfth interest in the work tech classification. Surya Mantha, Senior Partner, Unitus Ventures, said, “Construction laborers structure the foundation of the Indian economy. Bandhoo conveys sway at scale for this fragment of laborers and improves the efficiency and business consequences of SME’s by interfacing them with laborers and enormous developers and workers for hire the same.”