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PropTech Radar - 30th June 2024

FUNDING HIGHLIGHTS

30th June 2024

PropTech startup Landeed to boost product portfolio with backing from Paradigm Shift VC

The proceeds will be used to increase Landeed’s product line and further enhance its expansion of workforce to support its growing expansion both domestically and internationally


Flexible workspace operator Smartworks raises Rs 168 Cr.

Capital from the latest fund raising will be used for the growth and expansion of the tbusiness of the company and to meet its general corporate expenses.

MARKET MOVERS

30th June 2024

NoBroker in FY23: Op revenue grows 87% to Rs 609 Cr; losses up by 64%

As per the financial statements for FY23, filed nearly 15 months after the end of the year, total expenditure rose 75% year-on-year to INR 1,189.7 Cr during the year.


Awfis plans to raise seats by 50% in FY25

Awfis Space Solutions is targeting a 50% expansion of its portfolio to reach 135,000 seats by the end of the current fiscal year, with managed office space accounting for the bulk of it.

INDUSTRY INSIGHT

30th June 2024

Mumbai property market sets yet another benchmark, records best-ever June registrations

Mumbai witnessed 11,538 property registrations during the month, an increase of 12% Y-o-Y. This upsurge is being attributed to economic growth and a favourable sentiment towards homeownership.


Residential rentals settles down across key cities as more supply hit the market

Though the rentals are still growing, rate of growth has slowed down during April-June quarter with cities reporting 2-4% growth in comparison to 4-9% growth in the previous quarter.

AURUM SPOTLIGHT

30th June 2024

Nestaway is set to revolutionize the rental housing industry by simplifying the browsing experience

This digital transformation emphasizes Nestaway's commitment to enhancing the user experience and adapting to the evolving needs of modern housing renters.

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