In today’s time companies are racing for a position in the Indian PropTech Industry. Technology advancements are causing rapid change in the real estate industry. Many companies have seen that consumers are demanding simplicity and immediate gratification. The following 5 companies are worth keeping an eye on in 2022.
Top 5 Indian Proptech Firms in 2022
- NoBroker
When it comes to funding, “NoBroker” valuation is of $1.01 billion in November 2021, they are the first unicorn in this industry. Mr. Amit Agarwal, Mr. Saurabh Garg, and Mr. Akhil Gupta founded NoBroker in 2014. NoBroker has received $426 million funds, in the most recent series e-Round contributing approximately $210 million.
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Their intention, as the name suggests, was to develop a peer-to-peer real estate transaction network that does not charge commissions to usual middlemen like brokers or agents. All types of residential and commercial properties are bought, sold, and rented out by them.
NoBroker is checking each listing and giving the potential customer maximum information in order to manage the $2 billion worth of transactions per year safely and smoothly. Additionally, the business is supporting the sales process by supplying all required paperwork and aiding in obtaining regulatory approval.
- Clicbrics
Clicbrics is on a mission to reinvent the purchasing and selling of real estate in India. It is one of India’s first online real estate platforms using Artificial Intelligence (AI) and Machine Learning algorithms to provide the best price trends and transactional pricing to every stakeholder in the real estate market.
The firm provides buyers with the transparency they need to make a good investment and sellers with the liquidity they need to complete developments reliably. When customers are about to make the biggest purchase of their lives, the company makes sure they have a flawless experience. Clicworth is Clicbric’s one-stop destination for property valuation, which a user may obtain simply by giving the address, floor, and square footage information. It promotes transparency in the Indian real estate market. The tool provides you with a 90% accurate assessment of your property’s value.
- Infra.Market
Mr. Aditya Sharda and Mr. Souvik Sengupta launched the procurement marketplace called Infra.Market in 2016. Their headquarters are in Mumbai, and they have received the funding of $326.6 million. Infra.Market was worth $2.5 billion in 2021.
This business exists to improve real estate procurement procedures and streamline the acquisition of building materials. Infra.Market developed an online B2B marketplace to achieve this, centralising client demands and connecting them with the most appropriate suppliers. The organisation is able to provide more affordable prices and cutting-edge technologies by gathering information during this process.
- Stanza Living
In terms of finance, Stanza Living is the third-largest PropTech business in India. A total of $172.2 million was given to the company, of which $102 million was raised in a Series D transaction in April 2021. In 2017, Mr. Anindya Dutta and Mr. Sandeep Dalmia founded Stanza Living with its headquarters in New Delhi. Currently, the corporation is worth close to $500 million.
Their goal is to offer young professionals and students a top-notch co-living space, those who relocate to a new city for business or schooling purposes. Stanza Living places a lot of emphasis on the services offered inside the premises in order to please their clients. The perks include; meals, security, housekeeping, internet access, laundry, and a range of social events. Additionally, they used the IoT to digitise a number of co-living space tasks, which makes it simpler to manage life inside the property.
- NestAway
“NestAway ” is among the top 5 PropTech companies in India. Mr. Amarendra Sahu, Mr. Deepak Dhar, Mr. Jitendra Jagadev, and Ms. Smruti Parida founded NestAway in Bengaluru, Karnataka, in 2015.
They have received $109.1 million in funding for its rental marketplace. Goldman Sachs added about $4.7 million to the 2019 Series D round.
Their goal is to make the moving process easier and more accessible for both families and young people. The rental platform has located more than 2,00,000 tenants for its customers in 32 Indian cities. The company provides services that make it simple for landlords to list their properties for sale, including marketing, house tours, legal support, and the collecting of rent and security deposits.
The top 5 Indian PropTech businesses for 2022 have all received sizable investments, and their growth is taking place in the right trajectory. It becomes clear that the most lucrative business models in the Indian PropTech industry are online transaction or listing platforms and real estate marketplaces. The coming months and years will demonstrate whether other business models can experience comparable levels of development and expansion or not.
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