Benglauru-based proptech startup Landeed has raised $8.3 Mn in a round of funding led by Draper Associates, Y Combinator and Bayhouse Capital.

Landeed aims to build a comprehensive property title search engine with the incoming funding, along with hiring personnel and strengthening the technological infrastructure.

The startup also plans to invest in building for the maximum number of users to reach product-market fit. Further, it plans to hire ten more software developers to help it become an IaaS (Infrastructure-as-a-Service) provider for all real estate transactions.

“As India’s real estate market is expected to reach a size of $1 Tn by 2030, this funding presents the startup with a huge opportunity in the proptech market,” the startup said in a statement. 

The funding comes five months after the proptech startup raised $2.5 Mn in its Pre-Seed funding round from Y Combinator and others.

Founded in 2022 by ZJ Lin, Sanjay Mandava and Jonathan Richards, Landeed is trying to simplify property due diligence for all parties to engage, communicate and close deals. Over 100K property owners and agents have already used Landeed to buy, sell, and build real estate, claims the startup.

Landeed’s mobile app allows owners, agents, developers and legal advisors to check real estate records for building, lending and transacting properties. Landeed also plans to launch…

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