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News on Medial
Proptech firm Blox acquires brokerage firm Justo
IndianStartupNews
·
1y ago
Medial
Retail and mandate firm Blox has acquired a controlling stake in mandate brokerage firm Justo. This acquisition boosts Blox's Gross Transaction Value in its consolidated mandate business, positioning it to capture 10% market share of primary real estate in the top seven cities in India within the next 12-18 months. Blox plans to revolutionize the Indian real estate industry with AI technology and also aims to diversify into financial services such as digital payments and home loans.
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Kunal Shah-backed Blox buys into real estate advisory firm Guardians
VCCircle
·
8m ago
Medial
Blox, the proptech platform backed by Kunal Shah, is acquiring an 11% stake in Mumbai-based real estate advisory firm Guardians for around $12 million. Blox plans to increase its stake to 50% over the next three years as part of its expansion strategy. The company aims to consolidate its market share in Mumbai before expanding to other cities like NCR and Bangalore. With this acquisition, Blox aims to increase its gross transaction value to $10 billion in the next five years. Previously, Blox acquired real estate brokerage firm Justo and Plinthstone REMA.
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Proptech Startup Blox Acquires 11% Stake In Guardians For $12 Mn
Inc42
·
8m ago
Medial
Kunal Shah's Blox aims to boost its ownership in Guardians to 50% within the next three years. Guardians, established in 2016, is a real estate consulting company providing property advice, land development, marketing, and residential services. Increasing its stake in Guardians will enable Blox to enhance its distribution capabilities.
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MC Exclusive | Arbour Investments picks up a stake in prop-tech firm Justo Realfintech for $7 mn
Money Control
·
11m ago
Medial
Arbour Investments has acquired a "significant" minority stake in property technology firm Justo Realfintech for $7 million, with $5 million in equity and the rest in debt. The investment unlocks synergies with Arbour's existing and future investments. As part of the deal, Arbour's founders, Chirag Mehta and Priyesh Chheda, have joined Justo's board of directors. Justo focuses on the mid-ticket-size property segment and operates primarily in Pune and the Mumbai metropolitan region, providing market intelligence, negotiation support, and sales partnerships for real estate projects. Arbour Investments has signed term sheets for investments totaling around Rs 350 crore ($47 million).
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JUSTO Realfintech Bags $7 Mn To Expand Its Proptech Play
Inc42
·
11m ago
Medial
JUSTO Realfintech, a real estate technology company, has raised $7 million in a funding round. The funding includes $5 million in equity and $2 million in debt. The company plans to use the funds to fuel its growth and expand its market presence. JUSTO Realfintech offers solutions to help real estate developers boost sales growth, particularly for group housing projects. It was founded in 2019 by Pushpamitra Das and Rahul Pande.
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Proptech startup Jugyah raises $1.5 million in funding from White Venture Capital, QED Investors, others
Economic Times
·
1y ago
Medial
Mumbai-based proptech startup, Jugyah, has raised $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. The company plans to use the funds to expand within the Mumbai Metropolitan Region. Founded in 2023, Jugyah is a real estate brokerage platform that connects buyers, sellers, tenants, and landlords. The platform offers additional services such as a mortgage origination arm for financing options. Jugyah aims to make real estate brokerage more standardized and efficient by integrating various steps of the process through their digital platform.
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Egyptian startup OneOrder, Saudi SaaS firm Merit lead funding
VCCircle
·
1y ago
Medial
In MENA news, Egyptian logistics company OneOrder raised $16 million in a Series A funding round led by Delivery Hero Ventures to expand into the Gulf Cooperation Council region. Saudi Arabian SaaS firm Merit secured $12 million in pre-Series B funding to scale operations. Proptech startup Keyper raised $34 million in a mix of equity and Sukuk financing for its rent-now-pay-later platform. Saudi Arabian proptech Birdnest secured pre-Series A funding, while UAE-based proptech Huspy raised fresh investment to build a super-app for real estate.
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Startup news and updates: Daily roundup (September 25, 2024)
YourStory
·
10m ago
Medial
Bread brand The Health Factory has secured $3.5m in seed funding led by Peak XV’s Surge. The investment will enable the company to expand its reach and disrupt additional markets with its health-focused offerings. The Health Factory plans to use the funding to broaden its retail presence and enhance logistics and operational technologies. Proptech firm Flent has raised INR6.5 crore ($880,000) in a pre-seed round led by WEH Ventures to simplify the renting experience for India’s young professionals. Flent's flagship product, Flent Reserve, offers fully furnished designer homes with zero brokerage and flexible terms. Meanwhile, gaming company KRAFTON India has opened applications for the second cohort of its KRAFTON India Gaming Incubator (KIGI) programme. KIGI aims to incubate 6-10 new teams and offers financial support and mentorship to selected teams.
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Zomato, Jio Financial may join Nifty 50 in March: JM Financial
Inshorts
·
6m ago
Medial
Brokerage JM Financial said Zomato and Jio Financial Services could be included in the benchmark index Nifty 50 in March. Zomato and Jio Financial's inclusion could lead to $620 million and $356 million in inflows, respectively. Additionally, the brokerage firm expects Britannia Industries and Bharat Petroleum Corp Ltd (BPCL) to be excluded from the index.
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Adani Energy Solutions shares could rise up to 125%, says global brokerage Cantor
Money Control
·
10m ago
Medial
Adani Energy Solutions Limited (AESL) shares are expected to rise up to 125% according to global brokerage firm Cantor Fitzgerald. AESL, the power stock arm of the Adani Group, has consistently gained in the past year, delivering significant returns to investors. The firm has a diverse portfolio including transmission assets, distribution assets, and a smart metering business. Cantor Fitzgerald believes that AESL offers unparalleled growth compared to other publicly traded utility/energy companies across the US, Europe, or Asia. The brokerage has given an 'Overweight' rating with a price target of Rs 2,251.
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Turbostart leads $2.5 Mn round in Lighthouse PropTech
Entrackr
·
4m ago
Medial
Snippets Turbostart leads $2.5 Mn round in Lighthouse PropTech Proptech startup Lighthouse PropTech has raised $2.5 million in a new funding round. Turbostart led the round with $1 million, along with participation from the Dabur Family Office and several other HNI family offices, valuing the company at $13.5 million. The fresh funds will be utilized for expansion as it builds a technology-driven platform for luxury real estate transactions in India, Lighthouse stated in a press release. Launched by Sumesh Mishra, Lighthouse PropTech aims to empower its clients with innovative solutions to efficiently manage their luxury real estate portfolios. The company’s offerings include Luxury Listings—an exclusive platform showcasing premier, handpicked properties—and Luxury Exclusives, which provides tailored experiences and bespoke property opportunities. According to Lighthouse PropTech, it is developing a next-generation digital platform to transform luxury real estate transactions for HNIs and UHNIs, offering a seamless, AI-powered investment experience. Market research indicates that India's luxury real estate market is experiencing unprecedented growth, with the segment expected to surpass $100 billion by 2030, growing at a CAGR of 21.81%. Founded in 2019, Turbostart is a global early-stage venture capital firm and accelerator. With a global presence spanning India, the Middle East, the US, and Singapore, Turbostart has launched five funds over five years, supporting over 50 diverse startups across various sectors and stages.
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