Landeed, the go-to platform for property title searches in India, just raised a cool $5 million in Series X funding. Leading the charge was 10x Founders Fund, with some big names like Oliver Jung and Snapdocs founder Aaron King also joining in.
This latest funding follows a massively successful seed round back in 2023, where they basically broke records for a PropTech startup. And guess what? Almost all their early investors jumped back in for this round – that’s how much they believe in Landeed!
So, what’s the plan with all this cash?
Landeed is launching “Landeed Labs” a special division dedicated to amping up their AI and machine learning capabilities. Think even faster, smoother, and more accurate property searches.
Sanjay Mandava, Landeed’s co-founder and CEO, explained that AI and machine learning are totally changing how property ownership works in India. With Landeed Labs, they’re not just playing around – they’re rolling out solutions they know work. Their AI-powered property title analyzer is just the start. This funding helps them bring in top talent and keep making awesome products. They’re well-funded and laser-focused on innovation.
Robert Wuttke, a founding partner at 10x Founders Fund, is also stoked about Landeed’s potential. He believes Sanjay is a fantastic leader, and his team is tackling a huge challenge in India’s real estate market. They’re thrilled to support Landeed as they transform the industry.
Why is Landeed such a big deal?
Well, India’s property records are a bit of a mess. Things are fragmented, outdated, and prone to errors. Landeed fixes this by bringing all those records together in one easy-to-use digital platform. Their AI tools let you instantly check ownership history, transactions, and any potential issues – way faster than traditional methods.
With over 5 million downloads across 24 states, Landeed is India’s biggest and best property title search engine. They make it super simple to access important documents, so you can be sure the property you’re interested in is legit.
Since launching in 2022, Landeed has seen incredible growth, with over 100,000 users, including everyone from everyday homeowners to big-time developers.
What’s next for Landeed?
They’re aiming to build a completely digital and transparent real estate ecosystem. Landeed Labs will be key to this, driving major changes in property transactions both in India and around the world.
