Blox acquires stake in Guardians to strengthen real estate presence in India
Author : PNT Bureau
Blox, a digital real estate platform, has acquired an 11 per cent stake in real estate brokerage firm Guardians for USD 12 million, with plans to increase ownership to 50 per cent over the next three years. The acquisition positions Blox and Guardians as India's largest real estate seller, managing annual sales of 25,000 homes with a GTV of USD 2 billion. Blox aims to increase its GTV to USD 10 billion within 3-5 years. The partnership combines Blox's technology and Guardians' market expertise, creating a dual-pathway sales model that will transform India's real estate market....
Propsoch raises USD 500,000 to expand operations in key cities in India
Author : PNT Bureau
Propsoch, a proptech startup focused on property analysis, raised USD 500,000 in pre-seed funding led by the investment arms of Godrej Group and Vakil Group. Founded by Ashish Acharya and Ravi Agrawal, the company aims to expand into Mumbai, Pune, and strengthen operations in Bengaluru. Key early investors include Mohit Malhotra and Bhaskar Bhat, who bring notable real estate expertise. Propsoch seeks to enhance transparency in real estate through clear, data-driven insights, addressing homebuyers' needs for informed decision-making. With India's proptech sector growing rapidly, this funding positions Propsoch as an influential player, meeting demand for transparency in a complex market....
Brick & Bolt's 8-month express delivery service offers faster home construction with over 470 quality checks
Author : PNT Bureau
Brick & Bolt, India's leading tech-enabled construction company, has launched its 8-Month Express Delivery service, designed to expedite home construction and alleviate the financial burden of paying both rent and EMIs. This innovative service optimizes the construction process without compromising quality, utilizing over 470 quality checks through their proprietary QASCON system. Co-Founder Jayesh Rajpurohit highlighted the company's commitment to reducing delays while maintaining transparency and quality. The service offers plot owners faster handovers and cost savings, with special festive discounts available. Founded in 2018, Brick & Bolt continues to set industry benchmarks in technology-driven, reliable construction, having completed over 7,000 homes across multiple Indian cities....
Bengaluru based proptech startup Flent secures INR 6.5 crore in pre-seed funding led by WEH Ventures
Author : PNT Bureau
Flent, a Bengaluru-based proptech startup, has raised INR 6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from notable investors such as 2 AM Ventures and various angel investors, including former Airbnb GM Sanchan S Saxena. The startup plans to use the funds to expand its core team and develop a full-stack renting platform aimed at addressing the fragmented urban rental market, valued at USD 10 billion. With strong backing and a clear vision, Flent aims to revolutionise the rental experience for both landlords and tenants....
Livspace shifts domicile to India as part of IPO plans and expansion strategy
Author : PNT Bureau
Livspace, an Ikea-backed home decor start-up, plans to shift its domicile from Singapore to India, supported by recent Indian government policy changes. The company aims for an IPO in late 2025 or early 2026. Livspace is on a INR 1,500 crore revenue run-rate for FY25 and expects to achieve positive EBITDA by March 2025. It plans to expand its store count to 200 by March, focusing on non-metro markets. Livspace is also exploring consumer brand acquisitions in home furnishings and appliances. The start-up became a unicorn in 2022, following a USD 180 million funding round at over USD 1 billion valuation....
AI startup Track3D secures USD 4.3 million seed funding round led by Endiya Partners
Author : PNT Bureau
Track3D, a cutting-edge technology platform for the construction sector, has secured USD 4.3 million in seed funding led by Endiya Partners, with additional investments from Shadow Ventures, Monta Vista Capital, and others. This funding will enhance Track3D's AI-powered reality capture data platform, designed for advanced construction progress monitoring. Co-founded by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D offers a unique 'AI-first reality intelligence' solution that transforms raw visual data into actionable insights using drones, 360 cameras, laser scanners, and mobile devices. The platform has improved productivity by 15%, adherence to schedules by 12%, and reduced rework costs by 20%....
Proptech startup HouseEazy raises USD 7 million in Series A funding
Author : PNT Bureau
Delhi-based property technology startup HouseEazy has raised USD 7 million in Series A funding led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler. The company plans to use the funds to drive growth in new National Capital Region (NCR) geographies, expand its footprint, enhance its products, and support team expansion. With a presence in Noida, Ghaziabad, and Gurgaon, HouseEazy aims to further expand its reach to cities like Pune, Mumbai, and Bengaluru. HouseEazy's platform utilizes machine learning to provide real-time pricing for sellers, enabling instant transactions at optimal prices, and offers comprehensive services for real estate resale needs....
REA India's revenue rises 31 percent to INR 563 crore in FY24
Author : PNT Bureau
REA India, owner of Housing.com and PropTiger, reported a 31% revenue increase in the fiscal year ending June, reaching INR 563 crore, driven by strong residential property demand. CEO Dhruv Agarwala credited this growth to the company's innovative products, expansion in Tier-2 cities, and an app-first strategy that boosted app traffic by 45% in the latter half of the year. Part of Australia's REA Group, REA India leverages its platforms-Housing.com, PropTiger, and Makaan.com-to offer comprehensive real estate services. The company's strategic focus on digital engagement and emerging markets has solidified its market position....
Truva raises $3 million to expand proptech operations across Mumbai
Author : PNT Bureau
Several prop-tech startups have recently secured funding, including Truva, a Mumbai-based real estate tech firm that raised USD 3 million in a round led by Stellaris Venture Partners. Notable individual investors, such as Myntra founder Mukesh Bansal and Curefoods founder Ankit Nagori, also participated. Founded in 2023, Truva offers a platform with detailed property listings, financing help, and features like natural light scores and 3D tours. The investment will support team expansion, product development, and scaling operations. Since its launch, Truva has facilitated transactions worth over INR 30 crore and plans to expand beyond Powai and Bandra....
Bhive Workspaces targets INR 800 crore IPO to double office space by FY26
Author : PNT Bureau
Bhive Workspaces plans to raise INR 800 crore through an IPO in the next fiscal year to expand its flexible office spaces beyond Bengaluru, where 95% of its portfolio is concentrated. CEO Shesh Rao Paplikar aims to secure INR 500 crore from primary and INR 300 crore from secondary markets. With key investors like Blume Ventures, Bhive seeks to double its space to 4.8 million sq. ft. by FY26, adding 3 million sq. ft. in cities like Chennai and Delhi-NCR. This move aligns with the growing demand for flexible workspaces in India's top seven cities, currently housing over 53 million sq. ft....
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