VC Fund Investments
Land records digitising enabler TEAL raises $2-M from Omidyar Network, Info Edge
Bengaluru-based proptech startup Terra Economics & Analytics Lab (TEAL) has raised USD 2 million in a pre-Series A round led by Omidyar Network India with participation from existing investor Info Edge. The startup will use the funds to expand its data engineering capabilities, increase geographical footprints and provide more analytics-driven insights to its customers. TEAL works on transforming land and property records in India using Artificial Intelligence (AI) and Machine Learning (ML) algorithms. With more than 50 million properties covered across 52 cities and 12 states, TEAL uses ML algorithms to translate, clean and standardise property records that can facilitate decision making with regards to land-related transactions. TEAL had secured its first round of funding of INR 5 crore from Info Edge in 2019.
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