Newsletters PropTech Radar - 14 July 2023, Your Fortnightly Insight into the world of PropTech

PropTech Radar 14 July 2023,

Your Fortnightly Insight into the world of PropTech


NDR Warehousing secure 500 crore from Investcorp

Under its managing director N Amrutesh Reddy, the company has experienced significant expansion, boasting a portfolio of 33 warehouses spanning 16.91 million sqft of leasable area across 12 cities. The firm plans to add 4-5 million sq ft per annum to expand its warehousing and industrial parks across the country

Clutterfree raises funds at 45 crore valuation from angel investors

Clutterfree, a real estate and home improvement platform which provides premium services to new and existing homeowners, has raised funds at a 45-crore valuation […]

Colombian PropTech Company Habi Secures $50 Million USD Line of Credit with IDB Invest

"Habi's technology is helping to make the market more transparent and efficient, and it is also helping to reduce the environmental impact of homeownership," said Sergio Fajardo of IBD Invest.

PropTech startup OfficeBanao raises funds from ex-Meta MD, ex-Collier CEO

Real estate startup OfficeBanao, which raised USD 6 million from Lightspeed in April this year, on Thursday said it has raised funds from three angel investors, including former Meta India MD Ajit Mohan and former Colliers India CEO Ramesh Nair

Coworking Space Provider Friyey Shuts Down Due to Funding Crunch

Yogesh Thore, founder and CEO of Friyey, took to LinkedIn to announce the decision to shut operations of the startupt


hBits gets SEBI nod for India’s maiden fractional ownership global AIF

The tech-enabled platform is also setting up a feeder fund--the Global Investors Feeder Trust (GIFT)--based out of GIFT City to cater to foreign investors.

Neoliv to raise $150 mn AIF to take residential bets

The platform has secured an approval of Category II AIF from capital markets regulator Sebi under which it intends to raise USD 150 million including a USD 60 million green-shoe option

Chat, discover and find your next home with Zillow’s plugin on ChatGPT

Zillow has built a ChatGPT plugin that lets users discover real estate listings by having a simple conversation

PropTech firm launches a trio of new lettings integrations

“The trend towards mix and match technologies and partnerships to meet the needs of a fast-paced lettings industry shows no sign of stopping and is something we embrace" - Heidi Shackell, CEO of The Lettings Hub

Coliving operator Settl to double the capacity to 5,000 beds

Coliving operator Settl plans to expand its capacity to 5,000 beds by the end of the fiscal year and is looking to enter the Noida, Pune, and Chennai markets. Currently, the company has around 2,000 beds across Bengaluru, Gurugram, and Hyderabad. Settl charges between Rs 12,000 and Rs 18,000 per bed


India’s housing market growth expected to continue with 9% sales rise in FY24

Although a likely global recession and ongoing inflation may slightly dampen the demand in the near term, the market should absorb any pressure, supported by a supply consolidation and a relative improvement in affordability compared to the historical standards, the ratings agency said.

Investment in Indian startups in H1 2023 lowest in last four years

Funding in Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business, according to a PwC India Report. Early-stage deals accounted for 57 per cent of the total funding […]

India’s office market shows resilience amid global headwinds, snaps 6-quarter declining trend

In the June quarter, 10.49 million sq ft of new completions were recorded, up by 5.3% sequentially. Hyderabad dominated with a 47.2% share of new completions, followed by Bengaluru with a 22% share. Pan-India office space vacancy levels witnessed a marginal drop of 10 bps sequentially to 16.6%, which is expected to remain sticky within the range of 16-17%.

SEBI order against GIP can stifle growth of AIFs and their portfolio firms

The role of leverage in asset-intensive industries is undeniable—borrowed funds expand the asset base, magnifying potential returns. However, the recent interpretation by the Securities and ......

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