Infra.Market Bags INR 185 Cr Debt Funding From Yubi, Samunnati, Others

In FY23, Infra.Market's net profits dropped 17% to INR 155.2 Cr, with operating revenue rising sharply by 90% to INR 11,846.5 Cr. Yubi and IKF Home Finance invested INR 80 Cr and INR 40 Cr in a B2B ecommerce startup seeking INR 500 Cr in debt this year.

---

Jugyah raises $1.5 Mn led by White Venture Capital, QED and others

Mumbai's Jugyah, founded in 2023, raised $1.5M led by White VC, QED Investors, and Godrej Properties. They plan local expansion with a model similar to Loft and Quinto Andar, featuring verified listings, virtual tours, and offline service centers in South and Navi Mumbai.

---

Oyo raises $50 Mn from InCred at $2.38 Bn valuation

Oyo secured $50M from InCred Wealth, issuing 14,37,41,379 Series G CCPS at Rs 29 each. Post-allotment valuation is approximately $2.38B. Funds will fuel global expansion, acquisitions amid IPO delay and valuation adjustments.

---

HDFC Capital Acquires Stake in Truboard Technologies to Boost Real Estate Innovation

HDFC Capital acquires 8.5% of Truboard Technologies, enhancing tech, expanding market presence, and boosting infrastructure for TruGenie platform in real estate asset management.

Magicbricks Launches PropWorth: Advanced Property Valuation Tool Utilizes Machine Learning For Accurate Assessments

Magicbricks launched PropWorth, using AI and 15 years of data from 30 cities for accurate property valuations with a 98% accuracy rate. It assists buyers and sellers in making informed decisions beyond traditional valuation methods in India's real estate sector.

---

Ahmedabad based PropTech startup building rental ecosystem around bachelor housing

Citynet helps in finding accommodations like sharing flats, flatmates and pre-occupied flats as well as sharing PGs for working professionals, corporate stay houses, and private flats for bachelors.

Investor confidence drives Indian realty investments to $4.8 billion in H1 2024

Indian real estate attracted $4.8B in institutional investments in H1 2024, up 81% from 2023. With 40 deals, strong investor confidence signals robust economic growth and sector diversity amid global challenges.

---

Bengaluru landlords start compromising on apartment rents as techies move away from IT corridors

In Q2 2024, Bengaluru's rental market shows a 15-20% YoY decrease in IT suburb rents like Whitefield. Tech professionals are moving to outskirts like Sarjapura for more affordable options, with a 3BHK available for Rs 38,000 compared to Rs 35,000-40,000 for 2BHKs in prime areas.