Reloy, with the backing of HDFC Capital, raises Rs 7.2 crore in funding to expand its business. The pre-series A2 funding round saw participation from existing and new investors. Reloy's innovative solution streamlines the post-purchase homeowner journey by offering rewards and managing over 1.4 lakh apartments. Clients include prominent real estate developers. HDFC Capital plans to increase its stake in Reloy. The company's turnover surged to around Rs 13 crore, and it provides essential services for homeowners, creating a marketplace for home interiors and finance. Reloy aims to optimize customer and broker relationships in the real estate industry.Read more

Crib, a prop-tech startup, raises Rs 15 crore in a Seed round led by We Founder Circle and Rebright Partners. The company aims to revolutionize the real estate industry with its digital ecosystem, connecting landlords, tenants, and entrepreneurs. With features like tenant onboarding, staff management, and complaint handling, Crib offers operational excellence for landlords and an immersive experience for tenants. The funding will support product expansion and nationwide distribution. The crib has already established a strong presence in multiple cities, with over 500 landlords managing 100,000 rental units.Read more

Truliv, a groundbreaking co-living and holiday home startup, has secured $1.5 million in pre-seed funding. Led by Conquest Global Ventures VCC and Vara Future LLP, the funding values Truliv at Rs 60 crore. The company aims to redefine real estate by offering innovative housing and community solutions. With plans to expand co-living capacity to 7,000 beds in Chennai and increase holiday homes to 36 properties across Tamil Nadu, Truliv is poised for remarkable growth. The demand for shared living spaces continues to rise, driven by workforce trends, urban migration, and a growing student population.Read more

Fintech startup Basic Home Loan secures $4.7 million in pre-Series B funding. With digitized mortgage solutions, Basic Home Loan handles monthly applications worth Rs 3,000 crore, serving as a key player in the industry. The company aims to achieve a successful proof of concept by FY 2024, driving digital transformation in credit and catering to underserved segments. This investment marks a significant milestone for Basic Home Loan and its vision to revolutionize the housing finance landscape.Read more

Aurum PropTech is set to acquire NestAway Technologies, a managed rental home company backed by prominent investors including Ratan Tata. The anticipated buyout, worth over $20 million, marks one of the first such deals in the rental platform sector. NestAway, a key player in the online home rental marketplace, currently houses over 39,600 tenants across ten cities. This acquisition will be Aurum PropTech's eighth in the property technology sector within the last two years, highlighting the company's aggressive growth strategy.Read more

Real estate consulting services company Property Pistol has received Rs 45 crore from investors including ICICI Bank and Baring Private Equity Partners to grow its operations. The company will use the money to diversify its leadership team across company functions and increase its presence in more recent markets, both domestically and internationally. It will concentrate on developing new products in addition to strengthening core verticals like the syndicate broker platform and project mandates. Property Pistol was founded by Ashish Narain Agarwal, an IIT alumni in 2012. It provides developers, real estate agents, and home buyers with a range of technological solutions as well as consultancy services.Read more

HDFC Capital Advisors is increasing its ownership in proptech firm Loyalie IT Solutions from 7.2% to 9.6% by purchasing 1.67 lakh compulsory convertible preference shares. Loyalie works with leading real estate developers to design customer loyalty programs for an ideal home ownership experience. HDFC Capital Advisors is investing in Loyalie as part of its H@ART initiative program, which invests in innovative firms to enhance the real estate industry. Loyalie's revenue has grown from Rs 4.33 crore to Rs 11.45 crore in FY 2022-23, and it raised Rs 5 crore from investors in a pre-Series-A round in January last year.Read more

PropsAMC, the asset management services and data intelligence division of Square Yards claims to have raised over Rs 100 crores for its first Grade A commercial project in Hyderabad. The project is Square Yards' first foray into the fractional product sector, and it received an average financial contribution of INR 40 lakhs from a group of more than 250 investors amounting to more than 100,000 square feet. Investors in the Hyderabad commercial property have been told they will receive 8% gross returns on their capital with an expected XIRR of 14-15%, post fees and before taxes.Read more

3D printing technology has the potential to revolutionize the construction of houses and make them more affordable, especially for low-income families. However, two largest players in the field in Unites States of America, Mighty Buildings and Icon, have delivered fewer than 100 houses between them. In 2022, venture capital groups invested nearly $400 million in 30 building construction companies, which is eight times more than the amount raised in the previous five years combined.Read more

Mumbai based Wadhwa Group has collaborated with 75-year-old leading Japanese conglomerate Marubeni Corporation to utilise technology promoted by the later for the development of a residential project in Mulund by the group. The technology to be harnessed will focus on enhancing safety of structure, increased usage of renewable energy such as solar power and use of artificial intelligence (AI) for managing building facilities and customer service. The project in question is called Atmosphere O2 and is scheduled to be completed in December 2025. It is spread across 5.13 acres with up to 85% open spaces.Read more