Mumbai-based proptech startup PropertyPistol has raised INR 45 Cr in its Series A funding round from investors including ICICI Bank and Equity Partners India. According to the full-stack real estate brokerage and consultancy service, over 20,000 properties have been sold, over 5,000 projects have been handled, and $2 Bn in transaction value has been attained throughout India. The funds raised will be used to expand the company’s operations and strengthen its technology platform.
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PropertyPistol: Simplifying the Real Estate Process with End-to-End Services.
PropertyPistol was founded in 2019 by IIT Bombay alumni Rohan Dey and Sankarsh Chanda. The startup aims to simplify the real estate buying and selling process by providing end-to-end services to customers. The company’s platform offers a range of services including property search, site visits, legal documentation, home loans, and post-sales services.
The startup has been growing rapidly since its inception, and the latest funding round is expected to help it expand its operations further. The company plans to use the funds to strengthen its technology platform and expand its team. PropertyPistol also plans to expand its presence in new markets across India.
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The real estate industry in India has been undergoing a transformation in recent years, with the rise of proptech startups. These startups are leveraging technology to simplify the real estate buying and selling process, and are disrupting the traditional brokerage model. PropertyPistol is one such startup that is using technology to provide end-to-end services to customers.
PropertyPistol Funding Round Showcase Potential in Indian Real Estate Market.
The latest funding round is a testament to the potential of PropertyPistol’s business model. The company has been able to attract investment from some of the leading investors in the industry, including ICICI Bank and Equity Partners India. The funds raised will help the company expand its operations and strengthen its position in the market.
The real estate market in India is expected to grow rapidly in the coming years, driven by factors such as urbanization, rising incomes, and government initiatives such as the Smart Cities Mission. Proptech startups such as PropertyPistol are well-positioned to capitalize on this growth, by providing innovative solutions to customers.
PropertyPistol latest funding round is a significant milestone for the company, and is expected to help it expand its operations and strengthen its position in the market. The company’s innovative business model and use of technology have helped it attract investment from some of the leading investors in the industry. With the real estate market in India poised for growth, PropertyPistol is well-positioned to capitalize on this opportunity and emerge as a leader in the proptech space.
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