The company recently raised Rs 25 crore in Series A funding and plans to use the money to expand tech-driven home construction across the country
In its report, Housing.com, one of the leading real estate listing platforms, highlighted that proptech firms have garnered a total of USD 4.6 billion between 2010-11 and 2023-24 financial years, growing at a Compound Annual Growth Rate (CAGR) of 40 per cent.
Previously Reloy had raised Rs 5.9 crore in February, taking the total external funding to over Rs 13 crore.
While realty firms have started using technology to smoothen and expedite the sale and rental process, much more needs to be done to add meaningful value.
This was after the former Housing.com founder’s latest startup exhausted Rs 192 crore in the past 14 months and majority shareholder Info Edge asked it for granular financial details.
The primary objective of this initiative, DISRUPTECH 2.0, is to highlight emerging startups that are creating innovative tech solutions to empower the real estate industry.
Last year, Zapkey had secured $2 million in seed funding led by Nikhil Kamath and Abhijeet Pai-backed Gruhas Proptech.
The real estate brokerage and advisory company plans to utilise the fundraise to expand its leadership team across business functions and augment its presence in newer markets – both in India and abroad
The latest funding round witnessed the participation of investors led by Draper Associates, Y Combinator, and Bayhouse Capital, it said in a statement.
Facilio is opening a new 40,000-sq ft space in Chennai. The new office has a fully automated facility management system in place.
In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deeptech, agritech, proptech, SaaS, digital media, direct to consumer, spacetech, defence, and logistics and supply chain.
Between 2009 and June 2022, the proptech companies in India received a total of USD 3.42 billion in PE funding.
Proptech firms that are providing solution in sales and marketing, and construction management got 69 per cent of the total funds.
The company, which was founded by BITS Pilani graduates Kenish Shah, Jayant Panwar, and Somil Mathur in 2021, has raised "an undisclosed amount of funding via a strategic round from the leading angel investors."
Started by IIM Bangalore alumni Gopi Krishnan V and Finaz Naha, BuildNext was incorporated in 2015
Bengaluru-based PropShare, which was founded in 2016, is a technology-driven real estate investment platform that enables investors to purchase commercial real estate assets.
For developers, high-performance buildings can lead to better occupier retention and lower operational costs, the report said.
The proposed fund will be focussing on structured debt and certain equity opportunities in real estate projects, which have secured required permissions, across major cities of India.
The round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures, the company said.
So far, $2.4 billion have been invested in India's PropTech industry across 225 deals; The share of investments in the commercial segment has increased to 62% in 2020 compared to 25% in 2015
To expand the PropTech SaaS operations exponentially across India and globally, enhance tech-suite and add new services bouquet