India’s First PropTech Syndicate Fund
Brigade REAP has announced India’s first PropTech (property technology) syndicate fund: PropTech@REAP on LetsVenture, India’s full stack private marketplace that helps in facilitating fundraising for start-ups. Brigade REAP will make a minimum of 4 investments in the coming year and invest in start-ups looking to raise up to half a million US dollars in early-stage funding. Start-ups 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. “We are excited to launch a dedicated fund for early stage PropTech start-ups and we hope to support promising start-ups in their journey to disrupt the real estate sector. Now that we are ready to mentor our 10th cohort, some of these start-ups too can benefit from this fund." said Nirupa Shankar, Executive Director, Brigade Enterprises Ltd and Director, Brigade REAP. Shanti Mohan, Co-founder & CEO LetsVenture said, “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.”
Tags : News/Views proptech innovation Startups Brigade REAP LetsVenture Fundraising Augmented Reality