Wednesday, November 29, 2023
Outlook.com
Outlook India
Outlook Business

Proptech

The fund is targeted at institutional investors, HNIs, family offices, and select sophisticated domestic and NRI investors

It raised Rs 70 crore from its maiden real estate fund, PropShare Real Estate Fund I (PREF I), which was introduced in July 2021

According to the data released by Housing.com, funding in proptech stood at $719 million in 2022, lower than $742 million in 2021

The Housing.com report states that in H1 2023, Proptech investments in India surpassed the $4 billion mark

The real estate accelerator program received 150 applications from domains like robotics, alternate construction material, retail, plastic waste management and hospitality

HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business

The company will utilise the funding in order to expand its business operations across new geographies

The company has also opened applications for its 14th Cohort with a focus on sectors like climate tech, clean tech, urban tech, robotics, asset optimisation and big data

The company will focus on new product development and also strengthen core verticals, such as the syndicate broker platform and project mandates

The four-week experiential program is tailored to provide knowledge sessions, one-on-one networking opportunities, and an optional three-month immersive experience to help the companies scale their business operations in India