PeProp.Money, a platform that integrates real estate services for developers, consultants and investors, has announced that it has secured undisclosed seed funding from India Accelerator. PeProp.Money offers real estate services for developers, consultants and investors.
The funding will be used to further enhance the technology and attract new markets and customers while continuing to provide unparalleled service to the existing partners.
The platform has reportedly facilitated over 1750 deals of Rs 1375 crore, working with more than 15 developers across 30 projects in the last 15 months. PeProp.Money's AI and big data-based applications ensure verified properties with a good track record are listed on the platform, which enables developers, channel partners and brokers to connect with buyers and investors for property-related deals.
"From our inception, we have been dedicated to providing exceptional value to the real-estate sector through our AI and big data-based applications. With over 10,000 satisfied partners, we have listed more than 1200 crore of exclusive inventory on our platform from reputable builders," said Divaker Bhalla, founder of PeProp.Money.
"As we continue to expand our co-working spaces, we are actively seeking ventures that can bring added value to our business. The partnership with PeProp.Money is an ideal fit, as their platform seamlessly complements our business offerings. We are excited about this association and are optimistic that our investment in PeProp.Money will yield significant business growth and value in the years to come," added Abhay Chawla, founding partner and chief operating officer (COO) of India Accelerator.
Some of the other investors in PeProp.money include Aditya Mallik, chief executive officer (CEO)-Higher Education, Veranda Learning and Avatar Monga, an independent director of Fintech Association for Consumer Empowerment(FACE).
PeProp.Money aims to address the challenges faced by the real estate industry by providing a gamut of services under one roof, including e-signatures and e-stamping for legal agreements. The platform ensures transparency and rewards between brokers, builders, and customers, making real estate transactions seamless.