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PropTech Radar - 31st Aug 2024

FUNDING HIGHLIGHTS

31st August 2024

PropTech startup HouseEazy raises $7 Mn in Series A

HouseEazy, a full stack marketplace for resale homes, has raised $7 Mn. in Series A funding. This round was a mix of equity and debt led by Chiratae Ventures and saw participation from Alteria Capital and existing investor Antler.


Smartworks Coworking Spaces files DRHP with SEBI to raise funds via IPO

The DRHP states that the proposed initial share sale consists of an offer for sale (OFS) by promoters of 67.59 lakh shares and a new issue of equity shares valued at ₹550 Cr..


PropTech startup Truva bags $3 Mn. in funding round led by Stellaris Venture Partners

The funds will be used for team expansion, product enhancement, raising debt for working capital, and scaling operations.


Student housing company The Hive Hostels raises Rs 11.5 Cr. in pre-IPO funding

This funding round featured participation from Shriram Madhav Nene, Anmol Sood, Sahil Vachani, Managing Director and CEO of Max Estates, and Rohit Kothari’s Anchorage Capital Fund.

MARKET MOVERS

31st August 2024

Fractional ownership platform hBits to list first SM REIT by Q3, applies for licence

The company is focussed on acquiring properties in premium locations across the country, targeting sectors such as premium office spaces, warehouses, and data centres among others.


Zostel Founders Launch ‘Zo World,’ an Innovative Techno-Optimistic Clubhouse with Fractional Ownership Model in Bangalore

Zo House will offer collaborative workspaces, conference rooms, private lounges with digital art, a top-tier business center, serene reading areas, and luxury dorms designed for digital nomads and entrepreneurs.


Curated Living, BNMV Trust partner for student living project in Mumbai’s Juhu

The purpose-built girls only hostel by BNMV Trust has a total of 325 beds in its built-up area 1 lakh sf ft and total tenure of this lease deal is 10 years.


Square Yards posts Rs 261 Cr revenue in Q1 FY25; projects Rs 1,500 Cr in FY25

Income from financial services along with real estate services formed 83% of the total operating revenue for Square Yards which increased 48% and 61% YoY respectively. Digital services also saw an impressive growth of 145% in the same period.

INDUSTRY INSIGHT

31st August 2024

Co-living 3.0: Redefining community living for millennials and Gen Z

This evolving enrolment of shared living spaces is not just fulfilling the elementary housing needs of young Indians but also giving rise to communities, further growth in persons, and embracing sustainability


Technology, Artificial Intelligence reshapes capital allocation in Indian real estate

These technologies enhance transparency, reduce risks, and improve efficiency, providing mid-sized developers with new funding opportunities. This transformation ensures better financial health assessments and efficient project management, fostering a more sustainable industry


Digitisation of land records to boost investments in residential projects

Digitisation of land records using GIS (geographic information system) technology is set to streamline land acquisition and attract investment in the resurgent real estate sector

AURUM SPOTLIGHT

31st August 2024

Nestaway's Community Event: Bringing Tenants Together for a Better Living Experience

Nestaway has redefined the rental experience by fostering connections that create a true sense of belonging. Tenants are no longer just residents; they become part of a vibrant community where they can grow, learn, and support one another.

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