A Mumbai-based PropTech startup has raised ₹50 crore in funding from a group of investors, led by Sequoia Capital. The startup, which provides a platform for property buyers and sellers to connect, plans to use the funding to drive growth and expansion, particularly in the MMR region.
According to a report by Inc42, the startup has already seen significant traction, with over 10,000 properties listed on its platform and a revenue growth of 20% month-on-month. The funding is expected to help the startup expand its services to other cities, including Navi Mumbai, Thane, and Panvel, and to increase its marketing and sales efforts.
As the PropTech industry continues to grow, experts predict that startups that can provide innovative solutions to the real estate industry will be well-positioned for success.
