Jugyah is an online real estate broker platform that secured $1.5 million in its funding round, led by White Ventures, Godrej Properties, and QED investors. The round also involved various investors, including Singularity Ventures, Whiteboard Capital, Cred’s founder Kunal Shah, Livspace’s Ramakant Sharma, and others. The startup plans to use these fresh proceeds to scale its operations, increase its market shares, enhance its platform, and expand its network within Mumbai’s metropolitan areas. We are disscusing Propetch startup Jugyah secured $1.5 million in a funding round led by White Venture Capital and others.
We are disscusing Propetch startup Jugyah secured $1.5 million in a funding round led by White Venture Capital and others:
The firm was founded by Ansuman Mohanty and Arshad Balwa in 2023 to offer an online real estate brokerage platform with an in-house mortgage origination service to provide various financial options to its users. This platform makes it faster and easier to search multiple properties and schedule appointments online. The startup offers a full-stack, vertically integrated marketplace with 100 percent verified listings. The company has a team designed to take photos and 360-degree virtual tour videos so buyers and tenants can look at the place online before scheduling appointments through the website. This online platform allows buyers and landlords to connect directly.
The prop-tech startup also has offline centers with its agents in the south and Navi Mumbai, where tenants, buyers, or sellers can walk in and look for the services they are interested in. The co-founder of Jugyah, Arshad Balwa, told ET in an interview that they aim to make real estate brokerage a standardized product instead of a variable quality service. The startup claims to be the growing tech-enabled real estate brokerage platform. The company offers flats across various locations in Mumbai, meeting tenant requirements. The firm aims to revolutionize the real estate market across India.
The company reported a 50 percent month-over-month increase and expects a positive cash flow by the end of this year. India’s long-term and resale market is predicted to cross the 300 billion USD mark by the end of 2026. In addition, the property management and brokerage sector is expected to cross $20 billion in the same duration. The investment shows investors’ trust in Jugyah’s market potential and business model. This Mumbai-based startup offers web and mobile applications to its users to solve property-related queries. The company competes with prop tech platforms, including Housing, NoBroker, and Kashyap.
Conclusion
Jugyah, a Mumbai-based prop-tech startup, secured $1.5 million in its new funding round led by QED investors, White Ventures, and Godrej Properties. This funding round also saw participation from other investors, including Singularity Ventures, WhiteBoard Capital, and angel investors, including Cred’s founder, Kunal Shah. The company offers an online real estate brokerage platform that provides financial services options to its users. The offline centers of the startup are established in South and Navi Mumbai, where buyers, sellers, or tenants can walk in and get in touch with Jugyah’s agents for any property-related queries. The firm offers flats or properties in various locations in Mumbai.
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