Newsletters PropTech Radar - 31st Oct 2023, Your Fortnightly Insight into the world of PropTech

PropTech Radar 31st Oct 2023,

Your Fortnightly Insight into the world of PropTech


Flexible workspace marketplace Qdesq raises pre-series B investment from Gruhas

Flexible workspace platform Qdesq secured additional funding from Gruhas, a VC specialising in PropTech. Qdesq had previously raised capital from JLL and has now accumulated Rs 30 Cr. The company is also working on an enterprise SaaS platform, Qudify, designed to modernize workspaces with QR-based visitor management, meeting rooms, and complaint systems.

Goldman, Warburg sell 'Good Host Spaces' for Rs 2,700 crore to Alta Capital

Alta Capital has acquired Goldman Sachs' and Warburg Pincus' stake in India's largest student housing platform, Good Host Spaces, for $320 Mn. Alta Capital has previously invested in India's largest managed office spaces operator, Table Space, and Pragati Warehousing. Good Host Spaces, which partners with universities to provide specialized accommodation services to students, has an operational portfolio of around 25,000 beds across five cities and is in talks to add more.

Saudi-based proptech, Ejari secures $1 million funding

Saudi-based PropTech, Ejari announced the closing of a $1 Mn (SAR 3.75 Mn) Pre-Seed round led by Hambro Perks' Oryx Fund and Sanabil 500 MENA Fund, in addition to the participation of a number of angel investors.

WSB Real Estate plans to focus on South India, invested Rs 1,400 crore in the last decade

Alternative investment platform, WSB Real Estate Partners, is gearing up to raise a new fund, marking its next financial move after completing the deployment of its ₹700-Cr. second fund within the upcoming two months. This strategic decision was revealed by a senior executive from the firm.


Square Yards revenue jumps 60% to Rs 225 cr, becomes first proptech to hit $100-mn mark

Square Yards’ search and discovery portal continued to gain market share with average traffic at 8 Mn + visitors/month, said the company.

Smartworks picks up 1 lakh sq ft office space in Gurugram

While DLF operates the majority of the Cyber City, the building taken by Smartworks is currently known as Reliance House and is owned by an independent owner. The company is currently conducting due diligence and may sign the final agreement in the first week of November, sources said on condition of anonymity.

NeoLiv targets Rs 12,000 crore revenue in 3-4 years

NeoLiv, a residential investment and development platform founded by Mohit Malhotra, plans to launch 10 projects with a revenue potential of Rs 12,000 Cr. over the next 3-4 years. The company has already received permission from SEBI to raise $150 Mn through a category II Alternate Investment Fund. NeoLiv intends to develop residential projects in Delhi and Mumbai and has identified 13 projects for due diligence.

Table Space to invest around Rs 500 cr to foray into premium office spaces

Table Space, a managed workspace provider, has announced plans to invest approximately Rs 500 Cr. to expand its premium office offerings. The company has introduced 'TS Suites' in several cities, with plans to expand to 25 centers in the next 18 months. TS Suites are pre-built offices available on short and mid-term contracts, allowing for flexible leases and adaptable spaces.

OfficeBanao to reach Rs 200 crore order book by FY24, says CEO Tushar Mittal

Company has received orders from Jaipur, Panchkula, Sonipat, Jamnagar, Indore, Aurangabad, Indore, Kolkata, Bhuvneshwar, Patna and Moradabad among others.


Indian real estate sector attracts $679.9 million institutional investments during July-Sep

Institutional investments in residential assets in India reached $298.3 Mn between July - September, a 71% increase from the previous year. Overall, the Indian real estate sector received institutional investments worth $679.9 Mn in Q3, an 82% increase from the same period in 2022

India’s top 7 cities’ Jan-Sept housing sales touch 91% of 2022 annual performance

Residential sales in India's top seven property markets have seen strong growth in the first nine months of 2023, with sales reaching the highest level since 2008. Sales have already surpassed 91% of the total sales in 2022 and are expected to exceed 215,000 units by the end of the year.


Aurum proptech backed integrow to widen portfolio with second housing fund

Integrow Asset Management plans to start raising its second residential real estate fund next year, as it expands its offerings after rolling out portfolio management services and an investment vehicle for office properties. The Mumbai-based real estate asset manager aims to start the fundraising process for the new housing-focused alternative investment fund by April next year

Strategic Nestaway Acquisition Unleashes New Possibilities

This Nestaway acquisition signals a powerful stride toward making rental living more convenient, flexible, and enjoyable

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