17 Jul 2023

ParkMate, India's top app-based platform for smart parking solutions, is set to expand its services in Delhi NCR. The company aims to revolutionize the parking experience by offering seamless operations, digital transactions, and reduced parking issues. Within the next six months, ParkMate plans to provide over 500,000 parking services in key areas like Connaught Place and Lajpat Nagar. The company will launch an updated app to enhance the user experience. Currently serving 500-700 customers daily, ParkMate's "Drop & Shop" service offers real-time parking and secure vehicle handling.Read more

10 Jul 2023

Tech-enabled home builder, BuildNext, has announced its plan to set up experience centres across India. These centres aim to revolutionize the real estate sector by offering immersive experiences and advanced technology solutions to potential buyers. Through virtual reality and augmented reality, customers can explore architectural designs and make changes to layouts. The centres will also provide expert guidance, showcase home automation systems, and promote sustainable living. BuildNext's commitment to customer-centricity and innovation sets a new benchmark in the industry, redefining the home buying experience in India.Read more

08 Jul 2023

Equity Address, a fintech platform for second home ownership, aims to raise $2.5 million by offering a 20 percent stake to strategic investors. The parent company, Equity Address Private Limited, operates two brands: Equity Address, a tech-enabled marketplace for real estate co-ownership, and The Venya, a global holiday home rental platform. Discussions are underway with venture capital firms and angel investors to close the funding round in the next two to three months. The investment will primarily be used for asset acquisitions, while Venya manages over 400 homes across 22 countries. The market for second homes is expected to exceed $4 billion by 2026.Read more

04 Jul 2023

Reloy, with the backing of HDFC Capital, raises Rs 7.2 crore in funding to expand its business. The pre-series A2 funding round saw participation from existing and new investors. Reloy's innovative solution streamlines the post-purchase homeowner journey by offering rewards and managing over 1.4 lakh apartments. Clients include prominent real estate developers. HDFC Capital plans to increase its stake in Reloy. The company's turnover surged to around Rs 13 crore, and it provides essential services for homeowners, creating a marketplace for home interiors and finance. Reloy aims to optimize customer and broker relationships in the real estate industry.Read more

28 Jun 2023

Crib, a prop-tech startup, raises Rs 15 crore in a Seed round led by We Founder Circle and Rebright Partners. The company aims to revolutionize the real estate industry with its digital ecosystem, connecting landlords, tenants, and entrepreneurs. With features like tenant onboarding, staff management, and complaint handling, Crib offers operational excellence for landlords and an immersive experience for tenants. The funding will support product expansion and nationwide distribution. The crib has already established a strong presence in multiple cities, with over 500 landlords managing 100,000 rental units.Read more

28 Jun 2023

Truliv, a groundbreaking co-living and holiday home startup, has secured $1.5 million in pre-seed funding. Led by Conquest Global Ventures VCC and Vara Future LLP, the funding values Truliv at Rs 60 crore. The company aims to redefine real estate by offering innovative housing and community solutions. With plans to expand co-living capacity to 7,000 beds in Chennai and increase holiday homes to 36 properties across Tamil Nadu, Truliv is poised for remarkable growth. The demand for shared living spaces continues to rise, driven by workforce trends, urban migration, and a growing student population.Read more

21 Jun 2023

Fintech startup Basic Home Loan secures $4.7 million in pre-Series B funding. With digitized mortgage solutions, Basic Home Loan handles monthly applications worth Rs 3,000 crore, serving as a key player in the industry. The company aims to achieve a successful proof of concept by FY 2024, driving digital transformation in credit and catering to underserved segments. This investment marks a significant milestone for Basic Home Loan and its vision to revolutionize the housing finance landscape.Read more

06 Jun 2023

Aurum PropTech is set to acquire NestAway Technologies, a managed rental home company backed by prominent investors including Ratan Tata. The anticipated buyout, worth over $20 million, marks one of the first such deals in the rental platform sector. NestAway, a key player in the online home rental marketplace, currently houses over 39,600 tenants across ten cities. This acquisition will be Aurum PropTech's eighth in the property technology sector within the last two years, highlighting the company's aggressive growth strategy.Read more

18 May 2023

Real estate consulting services company Property Pistol has received Rs 45 crore from investors including ICICI Bank and Baring Private Equity Partners to grow its operations. The company will use the money to diversify its leadership team across company functions and increase its presence in more recent markets, both domestically and internationally. It will concentrate on developing new products in addition to strengthening core verticals like the syndicate broker platform and project mandates. Property Pistol was founded by Ashish Narain Agarwal, an IIT alumni in 2012. It provides developers, real estate agents, and home buyers with a range of technological solutions as well as consultancy services.Read more

28 Apr 2023

HDFC Capital Advisors is increasing its ownership in proptech firm Loyalie IT Solutions from 7.2% to 9.6% by purchasing 1.67 lakh compulsory convertible preference shares. Loyalie works with leading real estate developers to design customer loyalty programs for an ideal home ownership experience. HDFC Capital Advisors is investing in Loyalie as part of its H@ART initiative program, which invests in innovative firms to enhance the real estate industry. Loyalie's revenue has grown from Rs 4.33 crore to Rs 11.45 crore in FY 2022-23, and it raised Rs 5 crore from investors in a pre-Series-A round in January last year.Read more