Track3D, a cutting-edge technology platform for the construction sector, has secured USD 4.3 million in seed funding led by Endiya Partners, with additional investments from Shadow Ventures, Monta Vista Capital, and others. This funding will enhance Track3D's AI-powered reality capture data platform, designed for advanced construction progress monitoring. Co-founded by Chaitanya Naredla, Kiran Gutta, and Vineeth Paruchuri, Track3D offers a unique 'AI-first reality intelligence' solution that transforms raw visual data into actionable insights using drones, 360 cameras, laser scanners, and mobile devices. The platform has improved productivity by 15%, adherence to schedules by 12%, and reduced rework costs by 20%.Read more

Delhi-based property technology startup HouseEazy has raised USD 7 million in Series A funding led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler. The company plans to use the funds to drive growth in new National Capital Region (NCR) geographies, expand its footprint, enhance its products, and support team expansion. With a presence in Noida, Ghaziabad, and Gurgaon, HouseEazy aims to further expand its reach to cities like Pune, Mumbai, and Bengaluru. HouseEazy's platform utilizes machine learning to provide real-time pricing for sellers, enabling instant transactions at optimal prices, and offers comprehensive services for real estate resale needs.Read more

REA India, owner of Housing.com and PropTiger, reported a 31% revenue increase in the fiscal year ending June, reaching INR 563 crore, driven by strong residential property demand. CEO Dhruv Agarwala credited this growth to the company's innovative products, expansion in Tier-2 cities, and an app-first strategy that boosted app traffic by 45% in the latter half of the year. Part of Australia's REA Group, REA India leverages its platforms-Housing.com, PropTiger, and Makaan.com-to offer comprehensive real estate services. The company's strategic focus on digital engagement and emerging markets has solidified its market position.Read more

Several prop-tech startups have recently secured funding, including Truva, a Mumbai-based real estate tech firm that raised USD 3 million in a round led by Stellaris Venture Partners. Notable individual investors, such as Myntra founder Mukesh Bansal and Curefoods founder Ankit Nagori, also participated. Founded in 2023, Truva offers a platform with detailed property listings, financing help, and features like natural light scores and 3D tours. The investment will support team expansion, product development, and scaling operations. Since its launch, Truva has facilitated transactions worth over INR 30 crore and plans to expand beyond Powai and Bandra.Read more

Bhive Workspaces plans to raise INR 800 crore through an IPO in the next fiscal year to expand its flexible office spaces beyond Bengaluru, where 95% of its portfolio is concentrated. CEO Shesh Rao Paplikar aims to secure INR 500 crore from primary and INR 300 crore from secondary markets. With key investors like Blume Ventures, Bhive seeks to double its space to 4.8 million sq. ft. by FY26, adding 3 million sq. ft. in cities like Chennai and Delhi-NCR. This move aligns with the growing demand for flexible workspaces in India's top seven cities, currently housing over 53 million sq. ft.Read more

Bigbasket, a leading Indian online grocery store, is venturing beyond groceries with the launch of BB Matrix, a software platform designed to streamline supply chains for businesses. BB Matrix operates as a Software-as-a-Service (SaaS) platform, accessible through a subscription model. The platform offers a Warehouse Management System (WMS), a Transport Management System (TMS), and an Order Management System (OMS). Bigbasket claims BB Matrix can reduce transportation costs by up to 50% and delivery times by up to 60%. The platform targets various sectors and international markets, marking Bigbasket's shift to broader business solutions.Read more

Aurum Proptech, a leading real estate technology company, has reported a consolidated net loss of INR 10.70 crore for the first quarter of the current fiscal year, a significant improvement from the net loss of INR 16.12 crore in the corresponding period of the previous year. The company's total income saw a 45% year-on-year (YoY) increase, reaching INR 69.10 crore during the April-June period. Onkar Shetye, the Executive Director, highlighted the company's commitment to a balanced approach of robust growth and improving profitability, as evidenced by their annual run rate of INR 276 crore. Aurum Proptech's rental platforms, including Nestaway, now manage 30,000 rental units across various categories, and their distribution cluster, with B2B data analytics, marketing automation, and sales automation products, maintained consistent performance with robust YoY growth in revenue.Read more

IBM and JLL have launched a global sustainability solution powered by IBM Envizi Technology, delivered by JLL's sustainability services team. JLL's Sustainability Program Management aids commercial real estate (CRE) companies in reducing carbon emissions, now enhanced by IBM Envizi ESG Suite for ESG reporting and data management. This solution addresses data management challenges as well as decision making in CRE. The IBM Institute for Business Value report shows low current ESG integration, but companies focusing on sustainability are likely to achieve higher profitability and revenue growth. JLL's initial rollout will enable thousands of client sites to adopt IBM Envizi software.Read more

Kerala Startup Mission (KSUM) is set to launch a global emerging technology startup hub at Technopark Phase IV (Technocity) in Thiruvananthapuram, focusing on Aerospace, Healthcare, Agriculture and Food, Digital Media and Entertainment, and Energy sectors. The detailed project report (DPR) has been submitted for government approval, with construction tenders to follow. Funded by INR 20 crore from the state budget and leveraging a public-private partnership model, the hub will house up to 1,000 startups in a 5 lakh square foot facility. Inspired by Kalamassery Startup Village, the hub aims to bolster Kerala's tech ecosystem by 2026.Read more

Jugyah, founded in 2023 by Arshad Balwa and Ansuman Mohanty, raised USD 1.5 million in funding, with White Venture Capital, QED Investors, and Godrej Properties leading the round, along with other investors participating. The funds will help Jugyah expand within the Mumbai Metropolitan Region. Jugyah offers a real estate brokerage platform connecting buyers and tenants with sellers and landlords, along with services like mortgage origination, legal assistance, and loan financing. The company integrates digital and physical experiences to streamline home buying and renting. Jugyah expects to be cash flow positive by year-end and competes with Nobroker, Property Guru, and Housing.Read more