PropTech Radar 15 Oct 2023,

FUNDING HIGHLIGHTS

The Six Startups That Made It To Gruhas ASPIRE’s Second Proptech Cohort

The selected startups in Gruhas ASPIRE’s second cohort include Ambiator, Breathe ESG, EarthFokus, Openhaus, Slice and Zerotouch.

Fixed income platform Jiraaf raises $8.7 Mn in Series B round

Fixed income platform Jiraaf has raised $8.7 million in its Series B funding round co-led by Accel and Harmony Partners.

Proptech firm Blox to buy controlling stake in Justo

The acquisition assumes significance against the backdrop of the ongoing alignment between India's real estate and burgeoning PropTech sector that has transformed the way property transactions are conducted. Both the companies currently have annual mandate businesses of around Rs. 3,500 crore each.

Emaar India to invest $1.85 billion in 2 years: CEO ​Kalyan Chakrabarti

The firm intends to release around 10 million square feet of real estate over the next two years, expanding its presence into key markets including Mumbai, Pune, Bengaluru, and Hyderabad. "We would like to repeat what we have done in the last 21 years over the next 21 months. So far, we have launched 24,500 units, a combination of apartments, floors, plots, or offices;

MARKET MOVERS

NoBroker launches new business with conversational AI platform CallZen

Bengaluru-based PropTech unicorn NoBroker has launched conversational artificial intelligence platform Callzen. The enterprise-ready product uses machine learning to transcribe and analyze calls in multiple languages, offering features like sentiment analysis and speaker identification.

The Amazon of Real Estate! “Homebourse” launches with first-ever click & buy marketplace!

A new online real estate marketplace has launched to allow buyers to ‘buy real estate everywhere from anywhere.’ Homebourse lets buyers experience the entire buying process online, from browsing listings to closing deals and brings a true online store experience to b

MyGate to Launch Insurance Services to Elevate Safety & Protection for Gated Community Residents

MyGate to launch Insurance Services to Elevate Safety & Protection for Gated Community Residents

INDUSTRY INSIGHTS

CREDAI to help over 13,000 builders in adoption of proptech solutions

Realtors' apex body CREDAI will help over 13,000 builder members in adoption of technology solutions in real estate projects, enabling them to reduce construction time and improve quality of products.

Realtors expect record sales this year; unsold inventory hits a decadal low

Property developers in India's top seven cities are expecting home sales to reach more than half a million units this year, driven by strong demand and new launches. Despite concerns about rising interest rates, industry executives and experts believe that demand will remain robust.

IAURUM SPOTLIGHT

Nestaway Platform excels in providing unshakable rental reliability

Nestaway goes beyond being a regular rental platform; it embodies reliability and convenience in the realm of Indian rental housing.