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Property data start-up Landeed raises $8.3mn in seed round funding

Company says it will use financing to build property title search engine, improving technology

BS Reporter Mumbai

Premium

Illustration: Binay Sinha

1 min read Last Updated : Jan 24 2023 | 12:24 PM IST

Landeed, a startup for property records in India, has raised $8.3 million in a funding round led by Draper Associates, Y Combinator, and Bayhouse Capital.

Landeed said it will use the funding to hire people and improve its technological infrastructure as it builds a comprehensive property title search engine and become a hub for real estate transactions.

“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,” said Sanjay Mandava, chief executive officer (CEO) and co-founder of Landeed.