PropTech Radar 31st Mar 2024,

FUNDING HIGHLIGHTS

Real estate management platform Aeria secures $1.8 million in funding led by Kalaari Capital

Aeria, a tenant experience and asset management platform for commercial real estate, has raised $1.8 Mn. in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust among others. Founded by former co-founder of OxfordCaps, Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria uses technology and AI to transform the office buildings from a commodity to an experience.

ParkSmart Secures Funding from Japanese Investors and Gruhas - Nikhil Kamath's Proptech Fund

ParkSmart, a leading B2B SaaS company focused on building the largest inventory of parking spaces by providing smart parking solutions, has announced its investment from Sin Growth Partners led by Hiro Mashita, Gruhas PropTech, strategic angels including Rajveer Ranawat (ex MD, AIG Direct Investments Europe) and Ameet Desai (ex Group CFO, Adani Group).

360 One-backed NeoLiv raises ₹300 crore as first close of maiden fund

NeoLiv is exploring opportunities for plotted developments in tier II cities like Sonipat, Lucknow, Panipat, Jaipur, Alibaug, and Nashik, and considering villa and low-rise projects in Mumbai and Gurgaon.

MARKET MOVERS

Co-working firm 315Work Avenue aims to double portfolio amid high demand

It plans to expand its presence in the New Delhi & NCR and Hyderabad markets. The company aims to have a presence across 10-12 cities in its portfolio over the next two years. It also plans to scale up its operations in Bangalore to over 50 centers from the current presence of 30 centers.

India’s first purely proptech fund garners 7 anchor investors

Spyre VC is touted to be India’s first-ever PropTech focussed fund, with also a greenshoe option of Rs 400 Cr.. It is backed by early stage startup incubator and accelerator Venture Catalysts, consortium of realty developers Neovon and the Confederation of Real Estate Developers' Associations of India.

Alta Capital looking to invest over $1 billion in India's educational infra

The firm has already invested over $1 billion across warehousing, managed workspaces, student housing and educational infrastructure businesses in less than a year of operations till December, which also marked its purchase of education infrastructure development services company Cappella Educore for $200 Mn.. Alta Capital had earlier acquired Goldman Sachs' and Warburg Pincus' 100% stake in student housing platform Good Host Spaces for $320 Mn. in the largest-ever student housing deal in the country.

INDUSTRY INSIGHTS

How Co-living Is Helping Young Millennials

Factors such as working professionals seeking better lifestyles, traditional housing challenges, community and networking, and urban migration for jobs are driving the growth in the co-living segment.

The Pandemic broke co-living's back. Startups need a reset

Remember Oyo Living? The co-living vertical of Oyo Hotels & Rooms once had big plans but scaled down the business in 2021. Many other startups did the same-during the pandemic, co-living was the worst hit among all real estate sectors. Now, a revival is in the works.

Pune property registrations record 23% rise in February, stamp duty collection up 20%

In February, the registration of residential units priced between Rs 50 lakhs and Rs 1 Cr. constituted the highest proportion, accounting for 32% of all housing transactions.

AURUM SPOTLIGHT

Unlocking Urban Living: Nestaway's Tech-Powered Evolution

Nestaway, a leading platform for home rentals, is excited to introduce its latest technological upgrade aimed at improving urban rental living experiences. Understanding the changing needs of its users, Nestaway has revamped its website's user experience (UX) and user interface (UI). This transformation ensures that browsing through the platform is smooth and easy, setting new standards for user-friendly design in the rental home industry.