Proptech Startup Landeed Raises $ 8.3 Million In Seed Funding The fund raised will be utilised to infuse fresh talent into the company to support the accomplished team and further strengthen the technological infrastructure

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout
Landeed logo

Landeed, a Seed-funded proptech startup, has raised $ 8.3 million in a Seed funding round. This round witnessed the participation of investors led by Draper Associates, Y Combinator, and Bayhouse Capital. With these investors backing, Landeed aims to build India's fastest and most comprehensive property title search engine. The fund raised will be utilised to infuse fresh talent into the company to support the accomplished team and further strengthen the technological infrastructure.

"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 2 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. 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," said Sanjay Mandava, CEO and co-founder of Landeed.

Founded in 2022, Landeed is simplifying property due diligence for all parties to engage, communicate, and close deals. Landeed simplifies the multiple search methods across states into an intuitive and fluid experience. The company is solving a very difficult and serious problem that no other company tried to solve. It collects all the data that is required by a land owner or buyer to ensure everything is in order with a particular property.

"Landeed is one of the most ambitious startups being built out of India. Tracking and preserving ownership rights is a supremely important matter for any nation. The Founders are deeply passionate about the problem and have shown tremendous progress. We've connected them to some of the largest Real Estate players in India and they've become their customers and investors too. We're extremely bullish about Sanjay's vision and are excited about backing them alongside top Silicon Valley funds," said Dhruv Washishth, founding partner at Paradigm Shift VC.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Leadership

Doing Well by Doing Good — How Purpose-Driven Entrepreneurs Are Changing the World

Exploring the transformative impact of mission-driven business leadership.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

News and Trends

Handloom Fashion Brand Dressfolk Secures Funding to Scale Indian Craftsmanship Globally

In FY24, Dressfolk achieved nearly 200 per cent growth, supported by a network of over 800 weavers and 120 artisans across six Indian states.

Business News

'I Love Doing Product Reviews': Bill Gates Stepped Down from Microsoft in 2020, But Admits He Still Spends 15% of His Time Working at the Company

In a new interview with the Wall Street Journal, Gates also said he is still close with Microsoft's CEO Satya Nadella.

Starting a Business

Market Research: What It Is and How to Conduct It

To boost your competitive advantage, you may want to do market research. Entrepreneur is here with a guide on market research and how to conduct it.