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Top 10 PropTech Startups in India

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Top 10 PropTech Startups in India
Top 10 PropTech Startups in India

PropTech is the blending of the real estate industry with technology. In India, a massive US$ 242 million was invested in Indian PropTech startups from FY 2016 to FY 2018. The country’s PropTech funding even grew from US$ 3.4M in 2018 to US$ 56.8M in 2019. 

Let us have a look at the Top 10 PropTech Startups in India in this article:

1. Magicbricks

Magicbricks

Founders: Times Internet

Founding Year: 2006

Headquarters: Noida, Uttar Pradesh

Funding received: US$ 300M

Investors: Times Internet

Magicbricks.com is a website where property buyers and sellers can locate properties of interest in India, and enquire about all property-related issues. The site has the Property Pulse section which includes property news, home loans concerns, legal & taxation issues, expert opinion and analysis of property trends. The Buyer’s Guide section is a real estate eBook that covers all the essential steps and stages involved in property buying and gives answers, quick tips, and expert advice on what to look for and how to manage property buying. The PropIndex tool empowers property buyers and investors with detailed data on the shift in residential apartment prices and supply of properties in India for some key cities & has been adding more cities on a regular basis.

2. NoBroker

NoBroker

Founders: Akhil Gupta, Amit Agarwal

Founding Year: 2014

Headquarters: Bengaluru, Karnataka

Funding received: US$ 214.5M

Investors: Tiger Global Management, SAIF Partners, General Atlantic, BEENEXT, Digital Garage, Trifecta Capital Advisors, Beenos Partners, rocketship.vc, KTB Ventures, KTB Network and 3 other investors

NoBroker has developed a peer-to-peer property listings platform to make real estate transactions efficient. Customers can use the NoBroker platform to buy, sell and rent a house without paying any brokerage fees and finding all the listed properties easily.

3. Infra.Market

Infra.Market

Founders: Aaditya Sharda, Souvik Sengupta

Founding Year: 2016

Headquarters: Thane, Maharashtra

Funding received: US$ 161.5M

Investors: Accel, Tiger Global Management, Nexus Venture Partners, InnoVen Capital, Trifecta Capital Advisors, Foundamental, Sistema Asia Capital, Evolvence Asia Fund

Infra Market has built an online marketplace for the real estate and construction materials industry. Its centralized platform sums up clients’ demands, matching them with its supply chain along with reasonable credit options and an efficient delivery tracing facility to provide clients with fair pricing and superior technical experience.

4. NestAway

NestAway

Founders: Amarendra Sahu, Deepak Dhar, Jitendra Jagadev, Smruti Parida

Founding Year: 2015

Headquarters: Bengaluru, Karnataka

Funding received: US$ 104.2M

Investors: Goldman Sachs, Tiger Global Management, InnoVen Capital, Chiratae Ventures, Ratan Tata, Flipkart, Epiq Capital, UC-RNT Fund, Sujeet Kumar, InMobi

NestAway is an online marketplace where one can book rental properties. The platform enables users to register and search for properties by applying the location filter. Users can also book the properties of their choice through its platform. Owners can list their properties by providing required information such as location, pictures, cost, area, and more. Its mobile app is available for both Android and iOS devices.

5. Livspace

Livspace

Founders: Anuj Srivastava, Ramakant Sharma, Shagufta Anurag

Founding Year: 2014

Headquarters: Bengaluru, Karnataka

Funding received: US$ 101.7M

Investors: Bessemer Venture Partners, Goldman Sachs, Helion Venture Partners, EDBI, TPG Growth, Trifecta Capital Advisors, Jungle Ventures, Square, Rajeev Chitrabhanu (MAGNETIC), Ingka Group and 7 other investors

Livspace connects people to designers, services, and home décor products. The online shopping platform is a one-stop-shop to find designs, decorate, and furnish dream houses. It also provides end-to-end home interior services. The startup launched Canvas, its exclusive design-to-installation platform for the interior design industry. It aims to create a unique experience for homeowners and simplify the job of interior designers. 

6. PropTiger

PropTiger

Founders: Dhruv Agarwala, Kartik Varma, Prashant Agarwal

Founding Year: 2011

Headquarters: Gurgaon, Haryana

Funding received: US$ 85M

Investors: SoftBank, News Corp., REA Group

PropTech startup PropTiger has been founded by alumni of Harvard Business School, IIT and ISB who have decades of combined experience in real estate in India as well as abroad. It offers a team of real estate experts spread across 8 cities in India, that are Noida, Gurgaon, Mumbai, Pune, Bangalore, Chennai, Kolkata and Ahmedabad. The startup’s workforce is skilled across various aspects of buying a residential property. They will help you right from trimming down the several options to choosing the ideal property for you and completing the final paperwork related to the deal.

7. Square Yards

Square Yards

Founders: Kanika Gupta, Tanuj Shori

Founding Year: 2013

Headquarters: Gurgaon, Haryana

Funding received: US$ 73M

Investors: Alto Partners Multi-Family Office, Boon Hwee Koh, Bennett Coleman and Co Ltd, Singtel, Steve Melhuish, Andre Hoffmann,

Jani Rautiainen, Lohia Group, Reliance Group Holdings, DBS Securities Limited and 1 other investor

Square Yards is a tech-driven transaction and aggregator platform for the global real estate industry. Its product suite includes Square Capital, Square Connect and Square Marketing Technologies. Square Capital is the company’s digital lending and mortgage platform. Square Connect is a one-of-a-kind mobile aggregation platform for property brokers. It provides these brokers access to a larger primary real estate inventory. Square Marketing Technologies, also known as SquareMartech is a Digital Marketing Agency providing end-to-end digital solutions.

8. Stanza Living

Stanza Living

Founders: Anindya Dutta, Sandeep Dalmia

Founding Year: 2017

Headquarters: New Delhi

Funding received: US$ 70.2M

Investors: Accel, Sequoia Capital, Matrix Partners, Sequoia Capital India, Matrix Partners India, Alteria Capital, Falcon Edge Capital, Equity International

Stanza Living is a tech-enabled, co-living space created for students and working professionals migrating to a new place. It offers a high-quality, shared living concept intending to transform the multi-billion-dollar student housing and co-living market in India by putting the new-age migrant consumer at the core of the product and service design, development, and execution. It claims to be India’s largest shared living startup with 55,000 beds under management, across 14 cities.

9. Furlenco

Furlenco

Founders: Ajith Karimpana

Founding Year: 2012

Headquarters: Bengaluru, Karnataka

Funding received: US$ 69M

Investors: InnoVen Capital, Trifecta Advisors, Lightbox, Kris Gopalakrishnan, BlackSoil, HDFC Bank, Axis Bank, Lakshmi Narayanan, Crescent Enterprises, IntelleGrow and 11 other investors

Furlenco is a subscription-based furniture rental platform that enables users to rent furniture on a monthly basis. The startup’s solutions are convenient, reasonably priced and offer access to quality furniture with the added advantage of being able to exchange it depending on the client’s requirements.

10. Settlin

Settlin

Founders: Ashish Srivastav, Sudhanshu B

Founding Year: 2016

Headquarters: Bengaluru, Karnataka

Funding received: US$ 30M

Investors: Axilor Ventures, ah! Ventures, GSF

Settlin is a full-stack real estate transaction platform that concludes this resale value chain with a tech-driven, scalable, buyer-focused solution. Its online-offline-online model lets users search 4x more properties, curated with 80 parameters that help them finalize the deal within 5 visits. Essentially, its legal assistance assures the user completes the sale deed and registration within 4 months, at 50% of the industry average cost. The pay-per-visit model has empowered 15 greeters to complete 4000 visits over the last year. 

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Aishwarya writes about the startup ecosystem on VCBay. She is a third-year Computer Science engineering student who looks forward to exploring the world of startups and finance.

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