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. Through our application, an individual can verify a property transaction ledger going back 20 years in two seconds. To make this happen, we built a standardised interface simplifying the multiple search methods across states into an intuitive and fluid user experience. This unique proposition has led our team to witness impressive revenue growth.”
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“We are grateful to our investors for placing their trust in our service as we work towards building the largest possible user base, making Landeed for the world, not just India,” Mandava added.The startup had earlier raised a pre-seed round from Justin Hamilton (CEO, Clutterbot), Goodwater Capital, Olive Tree, Manmohan Chandolu, Chris Maurice (Yellow Card), Christian Kaczmarczyk (Third Prime VC), AVCF Fund, and nine Y Combinator alumni.
