PropTech Radar 31 Aug 2023,

FUNDING HIGHLIGHTS

Embassy Office Parks REIT raises Rs 500 cr via debentures to refinance existing debt

Embassy Office Parks REIT informed that the Debenture Committee of the Board of Directors of the manager has approved the allotment of 50,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh on a private placement basis.

UK startup Jitty raises $2M to build AI-driven home search platform

Jitty, backed by former Deliveroo employees, aims to revolutionize home buying with its comprehensive suite of AI-powered tools.

MARKET MOVERS

Realty platform NoBroker aims for Rs 1,000 cr revenue in 2023-24

In the first six months of 2023, NoBroker registered 50 per cent growth in real estate transactions across its verticals such as rent, buy, sell and home services.

Zoopla-backed Alto Introduces 'Partner Hub' For PropTechs

The real estate agency software provider Alto—owned by UK number two portal Zoopla—has launched a new Partner Hub for its Proptech partners.

PropTechBuzz launches tech platform to reshape real estate tech

PropTechBuzz has announced the launch of its platform, which will try to transform how proptech products are launched and promoted worldwide. It empowers smaller companies by allowing them to showcase their innovations alongside larger competitors.

Office space operator Table Space plans to expand operations with Rs 1,000 cr investment

Table Space Technologies, a managed workspace operator, plans to invest Rs 1,000 crore in the next fiscal year to expand its operations by around 4.5 million sq ft. The company recently raised over $325 million from Hill House Capital to expand its operations across key office property markets in India.

INDUSTRY INSIGHT

India's real estate sector likely to expand to $5.8 trillion by 2047

Private equity investments in the Indian real estate sector have consistently grown over the past two decades.

Why real estate developers are turning to outsourcing for sales and marketing

Outsourcing the sales and marketing function has emerged as a smart and strategic solution for developers looking to enhance their market presence, streamline operations, and achieve optimal results.

AURUM SPOTLIGHT

Structured debt investments in commercial real estate

Commercial real estate sector is experiencing growth with a projected CAGR of 21.20% (2023-2028) driven by demand in key cities, and structured debt investments in commercial real estate are emerging as a strategic option for investors, facilitated by notable PropTech and Neo-Realty platforms.

YieldWiseX appoints Habeeb Khan as Head of People & Culture Habeeb’s expertise complements WiseX’s commitment to best people practices, nurturing a cohesive culture, and innovation which will aid in YieldWiseX’s growth trajectory in PropTech sector.

YieldWiseX appoints Habeeb Khan as Head of People & Culture

Habeeb’s expertise complements WiseX’s commitment to best people practices, nurturing a cohesive culture, and innovation which will aid in YieldWiseX’s growth trajectory in PropTech sector.