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India’s first PropTech syndicate fund goes stay on LetsVenture – NEWPAPER24

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India’s first PropTech syndicate fund goes stay on LetsVenture

2021-06-17 10:07:08

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Brigade REAP, India’s first PropTech (property know-how) has launched its first syndicate fund, PropTech@REAP on LetsVenture, that helps in facilitating fundraising for startups.
By means of the brand new initiative, Brigade REAP will make a minimal of 4 investments within the coming yr and spend money on startups trying to elevate as much as half one million {dollars} in early-stage funding.

Startups which have developed revolutionary and disruptive applied sciences in areas like building tech, alternate materials, good buildings, sustainability, property transactions, inexpensive housing and many others. with demonstrated product market match and traction, can apply for funding by this new platform.

“The investments within the PropTech house has grown at a CAGR of 105% prior to now 6 years. In our expertise PropTech startups discover it troublesome to boost funds at an early stage as a result of nascency of the sector. A few of our promising startups have taken wherever between 12-18 months to boost seed cash regardless of displaying early promise. Our goal is to bridge this hole. We at the moment are excited to launch a devoted fund for early stage PropTech startups and we hope to assist promising startups of their journey to disrupt the true property sector. Now that we’re able to mentor our tenth cohort, a few of these startups can also profit from this fund.” stated Nirupa Shankar, Government Director, and Director, Brigade REAP.
Brigade REAP has cultivated a community of Actual Property builders, Architects, MEP consultants, Facility Administration cos. and OEMs, in addition to a robust connect with Actual property associations each in India and abroad. “Brigade REAP startups have introduced to over 2,000 Actual Property builders and different related stakeholders in the previous few years. Extra just lately, 11 of Brigade REAP’S startups raised cash regardless of the pandemic.” John Kuruvilla, Chief Mentor at Brigade REAP added

LetsVenture counts greater than 350+ portfolio firms at present. PropTech@REAP goals to spend money on PropTech startups each from throughout the Brigade REAP accelerator portfolio and outdoors.

Shanti Mohan, Co-founder & CEO LetsVenture stated, “With the main focus now shifting in direction of on-line marketplaces with integration of digital know-how & revolutionary enterprise fashions, startups at the moment are scaling their applied sciences that present customers a seamless expertise of viewing their property wherever nearly on the earth. With speedy innovation and enchancment of digital and augmented actuality, the PropTech market is certainly increasing at a fairly sooner tempo. We’re comfortable to associate with Brigade REAP and searching ahead to work & mentor PropTech startups sooner or later.”

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