India’s proptech ecosystem is entering a new phase where artificial intelligence is no longer just helping people buy or rent homes—it is beginning to solve one of the country’s oldest and most complex challenges: land ownership and title verification.
For decades, fragmented land records, ownership disputes, lengthy due diligence processes and legal uncertainties have made land transactions a cumbersome affair for buyers, developers and investors alike. As AI continues to reshape traditional industries, startups are now looking at digitising and simplifying this critical segment of the real estate market.
Joining this transformation is The Land Bankers (TLB), a proptech startup founded by NestAway co-founder Amarendra Sahu, which has secured ₹8 crore in seed funding from a group of prominent investors led by Zerodha-backed Rainmatter, with participation from CRED founder Kunal Shah, Tracxn co-founder Abhishek Goyal, K2 Capital, Ashish Gupta and other angel investors.
The fresh capital will help the startup strengthen its technology platform, expand operations and build a more transparent and efficient ecosystem for land transactions across India.
Rainmatter Leads ₹8 Crore Seed Round
According to regulatory filings accessed by Entrackr, The Land Bankers approved the issuance of 1,597 compulsorily convertible preference shares (CCPS) at an issue price of ₹49,764 per share to raise ₹8 crore in fresh funding.
The investment round was led by Rainmatter, Zerodha’s startup investment initiative, which invested ₹6 crore.
The remaining investments came from a group of strategic and angel investors:
- Ashish Gupta invested ₹1 crore
- K2 Capital invested ₹50 lakh
- Kunal Shah, through Qed Innovations Labs, participated in the round
- Tracxn co-founder Abhishek Goyal also joined as an investor
Based on Entrackr’s estimates, the latest funding values the company at approximately ₹67 crore post-money.
Using AI to Solve India’s Land Record Challenge
Founded by Amarendra Sahu, The Land Bankers is building an AI-powered proptech platform designed to simplify some of the most complicated aspects of land transactions.
Instead of requiring buyers or developers to navigate multiple government offices, legal documents and fragmented databases, the platform brings together essential services through a single digital interface.
Its offerings include:
- AI-powered land title verification
- Ownership due diligence
- Land dispute checks
- Legal assistance
- Property monitoring services
- Aggregated digital land records
By combining technology with legal verification processes, the startup aims to improve transparency and reduce risks associated with land purchases and investments.
At a time when India’s real estate and infrastructure sectors continue to expand rapidly, solutions that streamline land verification could become increasingly valuable for developers, institutional investors and individual buyers alike.
Capital to Fuel Expansion
The newly raised capital will be deployed across multiple business priorities.
According to the filings, The Land Bankers plans to use the proceeds for:
- Meeting working capital requirements
- Funding capital expenditure
- Expanding business operations
The funding is expected to help the startup strengthen its technology infrastructure while scaling its platform to serve a larger customer base.
Shareholding Structure After the Fundraise
Following the fresh allotment, Rainmatter emerged as one of the key institutional investors with a 9.03% stake in the company.
Founder Amarendra Sahu continues to remain the largest shareholder, holding 65.48% ownership.
The post-investment cap table includes:
- Amarendra Sahu: 65.48%
- ESOP Pool: 13.20%
- Rainmatter: 9.03%
- Ananda Chandra Sahu: 7.48%
- K2 Capital: 1.87%
- Ashish Gupta: 1.50%
- Jogamaya Mishra: 0.75%
- Qed Innovation Labs LLP: 0.45%
- Abhishek Goyal: 0.22%
The ownership structure reflects continued founder control while bringing on strategic investors with strong experience across technology and startup ecosystems.
A New Chapter for a Familiar Entrepreneur
Amarendra Sahu is best known as one of the co-founders of home rental platform NestAway, one of India’s early proptech startups.
His departure from NestAway attracted significant attention after it became the subject of a legal dispute. Sahu had filed an FIR against the company’s investors—including Tiger Global, Goldman Sachs and Chiratae Ventures—as well as co-founders Jitendra Jagadev and Smruti Parida, alleging cheating, forgery and criminal breach of trust.
Now, with The Land Bankers, Sahu is returning to the proptech space with a different focus—using artificial intelligence and digital infrastructure to address land ownership verification and due diligence challenges.
AI Meets PropTech
The investment by Rainmatter and a group of prominent angel investors signals growing confidence in startups applying AI to traditional sectors such as real estate and land management.
As India’s property ecosystem continues its digital transformation, platforms that can simplify title verification, reduce legal complexities and improve transaction transparency could play a significant role in modernising the market.
With fresh funding, strategic backing and a technology-first approach, The Land Bankers is positioning itself at the intersection of AI and proptech, aiming to make land transactions more reliable, efficient and accessible for businesses and consumers alike.
