ETtechBrigade REAP, India’s first PropTech (property technology) has launched its first syndicate fund, PropTech@REAP on LetsVenture, that helps in facilitating fundraising for startups.
Through the new initiative, Brigade REAP will make a minimum of 4 investments in the coming year and invest in startups looking to raise up to half a million dollars in early-stage funding.
“The investments in the PropTech space has grown at a CAGR of 105% in the past 6 years. In our experience PropTech startups find it difficult to raise funds at an early stage due to the nascency of the sector. Some of our promising startups have taken anywhere between 12-18 months to raise seed money despite showing early promise. Our aim is to bridge this gap. We are now excited to launch a dedicated fund for early stage PropTech startups and we hope to support promising startups in their journey to disrupt the real estate sector. Now that we are ready to mentor our 10th cohort, some of these startups too can benefit from this fund." said Nirupa Shankar, Executive Director, Brigade Enterprises Ltd and Director, Brigade REAP.
Brigade REAP has cultivated a network of Real Estate developers, Architects, MEP consultants, Facility Management cos. and OEMs, as well as a strong connect to Real estate associations both in India and overseas. "Brigade REAP startups have presented to over 2,000 Real Estate developers and other relevant stakeholders in the last few years. More recently, 11 of Brigade REAP’S startups raised money despite the pandemic.” John Kuruvilla, Chief Mentor at Brigade REAP added
LetsVenture counts more than 350+ portfolio companies today. PropTech@REAP aims to invest in PropTech startups both from within the Brigade REAP accelerator portfolio and outside.
Shanti Mohan, Co-founder & CEO LetsVenture said, “With the focus now shifting towards online marketplaces with integration of digital technology & innovative business models, startups are now scaling their technologies that provide consumers a seamless experience of viewing their property anywhere virtually in the world. With rapid innovation and improvement of virtual and augmented reality, the PropTech market is indeed expanding at a reasonably faster pace. We are happy to partner with Brigade REAP and looking forward to work & mentor PropTech startups in the future.”
Through the new initiative, Brigade REAP will make a minimum of 4 investments in the coming year and invest in startups looking to raise up to half a million dollars in early-stage funding.
Startups that have developed innovative and disruptive technologies in areas like construction tech, alternate material, smart buildings, sustainability, property transactions, affordable housing etc. with demonstrated product market fit and traction, can apply for funding through this new platform.
“The investments in the PropTech space has grown at a CAGR of 105% in the past 6 years. In our experience PropTech startups find it difficult to raise funds at an early stage due to the nascency of the sector. Some of our promising startups have taken anywhere between 12-18 months to raise seed money despite showing early promise. Our aim is to bridge this gap. We are now excited to launch a dedicated fund for early stage PropTech startups and we hope to support promising startups in their journey to disrupt the real estate sector. Now that we are ready to mentor our 10th cohort, some of these startups too can benefit from this fund." said Nirupa Shankar, Executive Director, Brigade Enterprises Ltd and Director, Brigade REAP.
Brigade REAP has cultivated a network of Real Estate developers, Architects, MEP consultants, Facility Management cos. and OEMs, as well as a strong connect to Real estate associations both in India and overseas. "Brigade REAP startups have presented to over 2,000 Real Estate developers and other relevant stakeholders in the last few years. More recently, 11 of Brigade REAP’S startups raised money despite the pandemic.” John Kuruvilla, Chief Mentor at Brigade REAP added
LetsVenture counts more than 350+ portfolio companies today. PropTech@REAP aims to invest in PropTech startups both from within the Brigade REAP accelerator portfolio and outside.
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Shanti Mohan, Co-founder & CEO LetsVenture said, “With the focus now shifting towards online marketplaces with integration of digital technology & innovative business models, startups are now scaling their technologies that provide consumers a seamless experience of viewing their property anywhere virtually in the world. With rapid innovation and improvement of virtual and augmented reality, the PropTech market is indeed expanding at a reasonably faster pace. We are happy to partner with Brigade REAP and looking forward to work & mentor PropTech startups in the future.”
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