The current round saw participation from all the existing investors and have incoming investors of BlueLotus VC, Dream Green Capital and several prominent angels. Reloy had raised Rs 5.9 crore in February, taking the total external funding to over Rs 13 crore
Co-living and holiday homes startup Truliv has secured $1.5 million in a pre-seed funding round led by Conquest Global Ventures VCC, Vara Future LLP, and others at a post-money valuation of Rs 60 crore.
The company plans to use the funds to expand its product offerings, and scale distribution to all major pincodes in India.
"We have turned profitable at the company level and are looking to raise equity over the next 12 months. We are finding that there is a lot of interest in the flexible office operator space from public sector banks and private equity funds," cofounder Rishi Das said.
Anarock, a residential real estate services group, has announced that its proprietary sales acceleration tool, Astra, has officially received patent status. This means that Anarock now has exclusive rights to Astra and its powerful algorithms and functions.
Asette launches an AI-driven property investment platform, revolutionizing off-plan property research and acquisition in the $35 billion UAE market. With a promise to save investors a 3-months decision-making process and over 40 hours of research, Asette simplifies the complex 30-step procedure using a single tool.
Spacenet Enterprises India Ltd, a well-established company listed on the National Stock Exchange, through its subsidiary, Thalassa Enterprises Pvt Ltd is launching Stratayield.com. This groundbreaking PropTech platform is set to transform the distressed assets and urban storage realty space by bridging the gap between distress value and real market value. India's distressed market
PropTech startups have raised more than $100 million in funding in the UAE over the past five years, according to Zoom Property Insights.
Shriram Properties chairman and managing director M Murali highlighted that the company achieved a 25% growth in sales bookings to touch an all time high of ₹1,846 crore last fiscal, on higher volumes and better price realisation
There is an urgent need for a governance charter in the startup ecosystem, addressing transparency, accountability, and ethical practices to ensure long-term growth and sustainability
According to CapHive, India-focused AIFs' assets under management is expected to grow 18-25% every year till 2030, supported by increasing allocation from global institutions as well as stronger domestic flows.
India's prime office space supply is expected to reach 1 billion sq. ft in tier I cities, up from the current 700 million sq. ft, by 2030 due to low-cost advantages, competitive wages, and a strong talent pool. Office developers have been commended for being innovative and ESG-conscious to ensure buildings match global standards