Newsletters PropTech Radar - 15 Aug 2023 Your Fortnightly Insight into the world of PropTech

PropTech Radar 15 Aug 2023 Your Fortnightly Insight into the world of PropTech,

Your Fortnightly Insight into the world of PropTech

PropTech Radar 15 Aug 2023

Your Fortnightly Insight into the world of PropTech


Funding in proptech players dips 3% to $719 mn in 2022

Proptech players has witnessed a cumulative investment of nearly $4 billion between 2009 and 2022, boasting an impressive compounded annual growth rate (CAGR) of 49%.

Late-stage investors wait it out as startups struggle to grow into their valuations

SoftBank’s Rajeev Misra, among others, said that capital isn’t a constraint for the Japanese investor when it comes to investing in India, but opportunities are.

‘We admit that Rahul Yadav’s 4B Networks was a mistake': Info Edge CEO

Info Edge founder Sanjeev Bikhchandani says investing in Rahul Yadav's startup was a 'mistake' after Q1 results.

Indian real estate: PE investment in Indian realty recorded at $1.92 bn in Q2, up 60%

The Indian Real Estate Sector recorded robust private equity investment of $1.92 bn in Q2 2023, highlighting investor confidence in the market after a marginally subdued Q1. This is 63% higher than the previous quarter (Q1-23) and 60% higher than the same period last year, according to Cushman & Wakefields latest Investment report.

Brookfield India REIT raises over ₹2.3K cr

Some of the marquee existing and new investors that invested in the QIP include HDFC Life Insurance, HDFC Mutual Fund, SBI, 360 One (formerly IIFL), Morgan Stanley Asia and Ashoka India Opportunities Fund among others.


CJLL Launched JLL GPT™ - the First GPT for commercial real estate

Developed by JLL Technologies (JLLT), the generative AI model will be used by JLL’s workforce to provide CRE insights to clients in a whole new way. owner reports 46% rise in India revenue in FY23

Melbourne-based REA Group which owns stated that it experienced a 46% surge in revenue from India for the financial year that ended in June 2023. By comparison, Australian revenue only saw a 1% uptick during the same period. REA India posted a revenue of AUD 79 million ($57 million) in the fiscal year, up from AUD 54 million the previous year.

Zolostays hopes to reach Rs 500 crore revenue in FY24

"We are currently in our series D-round fundraise. We're looking to raise anywhere between $50-75 million and this will be used for expansion because we are already profitable as a corporate," said Nikhil Sikri, CEO and co-founder, Zolostays.


India’s SaaS industry to reach $50 bn by 2030, to generate revenue of $20-25 mn

Indian SaaS industry to reach $50 billion by 2030, said a BVP report. Indian SaaS market to grow from $13 billion in 2022 to $50 billion by 2030. Number of companies with >$100M ARR to increase to 11 in 2023 from 9 in 2022.

Warehousing supply across India’s key cities to touch 516 mn sq ft by 2026

The warehousing industry is seeing significant growth in India, driven by rising consumer demand, the expansion of e-commerce, and investment in manufacturing, with cumulative supply expected to reach 516 million sq ft by 2026.

India’s REIT market to hold 22% of Grade-A office stock by 2024

In India, REITs have proven popular with both institutional and retail investors. A total of four REITs were listed in the India market as of May 2023, comprising three office REITs and one retail REIT. The three office products have been in existence for more than two years, while the retail product was a new listing in May 2023, mentioned the report.

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