A new PropTech company, PropEase, has launched in Mumbai, with a focus on AI-based property management solutions. The company aims to provide automated solutions for property owners and managers, making it easier to manage properties and track rent payments.

PropEase has raised ₹5 crore in funding from venture capital firms and is looking to expand its services to other cities like Delhi and Bangalore. The company is hiring for roles like software engineer and product manager, with salaries ranging from ₹10 lakh to ₹20 lakh per annum.

PropEase is looking to disrupt the traditional property management industry, which is currently dominated by manual processes and paperwork.