How Proptech Has Evolved In India
Proptech is reshaping the Indian real estate sector at a time when the industry needs a real shot in the arm. In much the same way that innovative technology transformed so many other sectors, like Ola’s re-think of the taxi business and Oyo’s colossal expansion in the budget hospitality market. The most visible shifts so…
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PropTech startup NoBroker secures $30m in Series D extension
India-based PropTech platform NoBroker has reportedly raised a $30m extension to its Series D round which will be used to improve the customer experience on its platform. The capital injection was led by private equity firm General Atlantic, according to a number of reports in the media. NoBroker initially secured $50m in its Series D…
VC Wellstreet becomes majority shareholder of PropTech Pixery Media
Swedish PropTech startup Pixery Media has announced that it has a new majority shareholder: the venture capital firm Wellstreet. Neither the startup nor its new majority owner disclosed the details of the deal, Breakit reported. “A global labour market with talent that moves freely around the world has meant that buying properties is a global…
PropTech startup Zumper secures $60m in its funding round
The round was led by e.ventures, which made its first investment into Zumper. With the fresh funds, Zumper will accelerate its company mission, increase sales and engineering teams, and boost its end-to-end transactional tools. Zumper, which launched in 2012, helps over 80 million people each year to find, list, and rent properties in the US…
ReSolve sells PropTech platform BrickVest
ReSolve, a business advisory and investment house, has sold PropTech platform BrickVest to the real estate investor PATRIZIA. While BrickVest has generated enough revenue to almost break even, last year it chose to seek additional funding to aid its operations. ReSolve was brought in as administrators in November and they looked to find interest in…
Real Estate digital transformation
In recent years, Real Estate has started becoming even more important to how a nation develops, a company operates, or a person lives. Buildings are typically around for decades or even centuries, and each “step” in the life of a building has frequently been approached in isolation of the prior. The Real Estate sector working…
Proptechs: Propelling digital real estate
Commercial real estate (CRE) companies haven’t yet figured out how to deal with the relatively recent emergence of real estate technology startups, known as “proptechs.” While most of the broader financial services field has made the shift to a partnership mentality, CREs continue to view proptechs as a disruptor rather than as a potential source…
Impact of Proptech on the Real Estate Industry
To sincerely appreciate the potential impact of Proptech, it is necessary to understand what it is and what it involves. This can be a challenging task as Proptech, like all tech-related innovation, is constantly evolving and advancing at a rapid pace. Furthermore, there are various disciplines involved with various ideas on how technology could or…
What is PropTech?
PropTech is the common word used to explain the wave of tech innovations set to disrupt real estate markets. The future is both interesting and hard to predict for the real estate business at the moment as PropTech is already starting to make its presence felt in both the household and commercial property worlds. There…
PropTech startup Entera raised $7.5m in funding
PropTech startup Entera has collected $7.5m in a funding round led by Bullpen Capital and Craft Ventures. Additional support came from ValueStream Ventures and former Keller Williams CEO Chris Heller. With the fresh funds, the company is expanding the reach of its technology platform and scaleup its team. Launched in 2017, the company helps investors…