Hyderabad-based proptech startup Landeed has raised USD 5 million (approximately INR 43 crore) in a Series X funding round, with participation from major investors like 10x Founders Fund, Oliver Jung, Paradigm Shift, Pioneer Fund, and Snapdocs founder Aaron King. The funds will be used to develop Landeed Labs, an AI and machine learning division focused on advancing property title search and real estate transactions. This funding follows an earlier oversubscribed seed round in 2023, which was one of the largest in the proptech space. The startup also plans to use the money to strengthen its technical team.Read more

Spyre VC, India's first industry-backed PropTech venture capital fund, has invested INR 3.5 crore in Spintly, a leader in smart building solutions. With backing from major players like Accel India and CREDAI, Spyre VC aims to revolutionize India's PropTech sector. Spintly, which serves over 500 clients across 24 million square feet globally, plans to use the funding to expand its AI-driven technologies and strengthen ties with real estate developers. As the global smart building market surges towards USD 247.17 billion by 2032, this partnership highlights a transformative shift towards efficiency and sustainability in India's real estate landscape.Read more

PNT Reporter

Magicbricks, a leading real estate portal, has acquired a majority stake in PropViz to elevate its technological offerings for developers. The acquisition reinforces Magicbricks' commitment to redefining real estate interactions through advanced solutions such as 3D visualisations, virtual walkthroughs, smart location maps, and integrated booking systems. This strategic move aligns with its mission to enhance customer engagement, streamline decision-making, and accelerate sales for developers. PropViz, established in 2019, has a proven track record of creating extensive virtual spaces and interactive layouts, complementing Magicbricks' existing developer-centric services like verified leads and site visits.Read more

PNT Reporter

A new report by Knight Frank, HDFC Capital, and Brigade REAP highlights PropTech's transformative role in India's real estate sector, projecting investments to grow at a 15% CAGR from USD 6 billion in 2023 to USD 16 billion by 2030. Representing 6% of Indian startups, PropTech positions India 6th globally in funding and top global PropTech deals. With real estate contributing 7.3% to GDP, leaders stress technology's role in addressing housing affordability, urbanization, and sustainability challenges. Infrastructure expansion, such as national highways and ESG-certified developments, complements PropTech adoption, enhancing connectivity, sustainability, and affordable housing access for the growing urban workforce.Read more

The OSH India Expo 2024, held in Mumbai recently showcased world-class workplace safety solutions, with leading exhibitors like KARAM Safety, Bison Life, 3M, Dupont's Nomex, and Udyogi Safety. The event highlighted cutting-edge innovations and global best practices in occupational safety. KARAM Safety's proactive approach stood out, with free on-site training for construction workers on using safety equipment effectively-a commitment upheld for over 20 years. Speaking at the event, Hemant Sapra emphasized the importance of worker education and the company's dedication to sustainability, advocating renewable energy adoption in the production sector.Read more

Blox, a digital real estate platform, has acquired an 11 per cent stake in real estate brokerage firm Guardians for USD 12 million, with plans to increase ownership to 50 per cent over the next three years. The acquisition positions Blox and Guardians as India's largest real estate seller, managing annual sales of 25,000 homes with a GTV of USD 2 billion. Blox aims to increase its GTV to USD 10 billion within 3-5 years. The partnership combines Blox's technology and Guardians' market expertise, creating a dual-pathway sales model that will transform India's real estate market.Read more

Propsoch, a proptech startup focused on property analysis, raised USD 500,000 in pre-seed funding led by the investment arms of Godrej Group and Vakil Group. Founded by Ashish Acharya and Ravi Agrawal, the company aims to expand into Mumbai, Pune, and strengthen operations in Bengaluru. Key early investors include Mohit Malhotra and Bhaskar Bhat, who bring notable real estate expertise. Propsoch seeks to enhance transparency in real estate through clear, data-driven insights, addressing homebuyers' needs for informed decision-making. With India's proptech sector growing rapidly, this funding positions Propsoch as an influential player, meeting demand for transparency in a complex market.Read more

Brick & Bolt, India's leading tech-enabled construction company, has launched its 8-Month Express Delivery service, designed to expedite home construction and alleviate the financial burden of paying both rent and EMIs. This innovative service optimizes the construction process without compromising quality, utilizing over 470 quality checks through their proprietary QASCON system. Co-Founder Jayesh Rajpurohit highlighted the company's commitment to reducing delays while maintaining transparency and quality. The service offers plot owners faster handovers and cost savings, with special festive discounts available. Founded in 2018, Brick & Bolt continues to set industry benchmarks in technology-driven, reliable construction, having completed over 7,000 homes across multiple Indian cities.Read more

Flent, a Bengaluru-based proptech startup, has raised INR 6.5 crore in a pre-seed funding round led by WEH Ventures, with participation from notable investors such as 2 AM Ventures and various angel investors, including former Airbnb GM Sanchan S Saxena. The startup plans to use the funds to expand its core team and develop a full-stack renting platform aimed at addressing the fragmented urban rental market, valued at USD 10 billion. With strong backing and a clear vision, Flent aims to revolutionise the rental experience for both landlords and tenants.Read more

Livspace, an Ikea-backed home decor start-up, plans to shift its domicile from Singapore to India, supported by recent Indian government policy changes. The company aims for an IPO in late 2025 or early 2026. Livspace is on a INR 1,500 crore revenue run-rate for FY25 and expects to achieve positive EBITDA by March 2025. It plans to expand its store count to 200 by March, focusing on non-metro markets. Livspace is also exploring consumer brand acquisitions in home furnishings and appliances. The start-up became a unicorn in 2022, following a USD 180 million funding round at over USD 1 billion valuation.Read more