The start-up has closed transactions valued over INR 40 crore within the first year of operations and has orders worth INR 80 crore lined up even during the pandemic period.
Bengaluru-based realty-technology or proptech start-up BricSpaces has raised $350,000 in a pre-seed round of funding. The investors include serial tech investor Bharat Kapoor from 50K Ventures, Freshworks co-founder Shan Krishnasamy, and Eeva developer Vishal, to name a few. The start-up has closed transactions valued over INR 40 crore within the first year of operations and has orders worth INR 80 crore lined up even during the pandemic period.
With a large market of $3 billion annually in India, BricSpaces wants to be the market leader of this space, targeting a third of the market share in the coming years. They aim to use technology in order to scale up its operations. Realty technology firms are seeing increasing interest from investors due to a growing need of technology amidst the spread of Covid-19 across the country.
Source: Business World
