Proptech is the umbrella term for all the technological tools in use by real estate agents and property experts. These tools help users to:
- Speed up the procedures involved in real estate research,
- Purchase, sell, market and manage their listings.
In India, the Proptech market has shown rapid growth in recent years. Proptech in India is forecast to expand from $120 billion in 2017 to $1 trillion by 2030.
Proptech businesses are continuously adapting to meet the shifting needs of customers. In this article, we’ll explore some of the most successful Indian Proptech startups. Depending on your needs, one of them might be what you’ve been looking for, so let’s delve right in.
1) NestAway
Website: https://www.nestaway.com/
Address: HSR Layout, Bangalore, Karnataka 560102, IN
Employee Size: 201-500 employees
Funding: The total funds raised from 2015 to 2019 is $109.1M. The lead investors were Goldman Sachs, Tiger Global Management, and Epiq Capital.
About NestAway:
Four alumni of the National Institute of Technology launched NestAway in January 2015. India’s fastest-growing managed house renting firm aims to offer superior leasing options through design and innovation.
They transform non-branded, unfurnished homes into completely renovated, well-maintained flats. Moreover, they strive to provide them to prospective tenants at reasonable costs. They are building an environment that aims to provide the following:
- Working as an estate manager to save costs and seamlessly make all transactions from rent to billing.
- Landlords can receive rent default protection from NestAway. If the tenant doesn’t pay, the business will. When renters leave, they assist them in getting their security deposit back.
- The firm offers increased rent, vetted clients, and easy home maintenance through its app.
Customer Testimonial:
“First thing I wanted to highlight here is that NestAway has improved its service a lot. One example is the Eqaro bond with it which is nothing but paying a ZERO deposit while you’re booking a rented house, only token money has to be provided, which is just awesome for the people trying to settle down in a new city. Big thanks to NestAway and Eqaro for this, I appreciate it a lot!”
Milan Pal
2) MagicBricks
Website: https://www.magicbricks.com/
Address: Times Centre, Noida, Uttar Pradesh 201301, IN
Employee Size: 501-1,000 employees
Funding: The total funds raised in a single round during 2017 were ₹300M. The lead investor was Times Internet.
About MagicBricks:
Home buyers and owners can search for their dream property on magicbricks.com. Users can also inquire about any problems with the property. Some of their top USPs are:
- Automatic regional & project suggestions to optimize your search
- Find a new home that resembles the ones you have in mind.
- Site visitors can view home recommendations via a slider.
- They provide resources for recent Real Estate news in their property pulse section.
- This section also empowers users to read up on taxes, investments, etc.
- They also offer a real estate ebook that leads you through the crucial steps in purchasing a home.
MagicBricks offers solutions, speedy recommendations, and qualified guidance on what to look for when buying a home. Their Property Index tool gives detailed data on shifts in residential unit prices and availability in India for several vital cities.
Customer Testimonial:
“I am really happy to share my feedback regarding the response I received on my commercial premises in Andheri (W) through Magicbricks.com. I posted my property on Magicbricks and contacted the buyers for the same. The response was quick and genuine. Truly, Magicbricks.com rocks!”
Vaibhav Agrawal
3) Furlenco
Website: https://www.furlenco.com/
Address: Furlenco, HSR Layout, Bengaluru, Karnataka 560102, IN
Employee Size: 201-500 employees
Funding: The total funds raised from 2019 to 2022 is $228.6M. Furlenco’s lead investors were Klub, TradeCred, and Zinnia Global Fund.
About Furlenco:
Furlenco makes it possible for urban Indians to live better in their houses. The decor draws inspiration from urban Indians and how they decorate their houses.
They derive their style from the interests and shifting lifestyles of their users. They do this by providing the following services:
- Renting out prestigious furniture and home accents.
- They have professionals on staff who design all their products.
- They also provide decorations, add-ons, and household products.
- So, with one tap, one may design their entire house, room, or nook.
They can do all this at a tenth of the time, labor, and price of visiting many shops or websites. Additionally, they ensure that they only offer brand-new, never-used furniture.
Customer Testimonial:
“Good services, on-time delivery, professionalism, and quality products with Furlenco.”
Safal Singh
4) Clicbrics
Website: https://www.clicbrics.com/
Address: Gurgaon, Haryana, IN
Employee Size: 201-500 employees
Funding: The total funds raised so far by Clicbrics is $3M. Clicbrics raised these funds in a single round in 2019. The key investors so far are Manny Singh and Peter Mann.
About Clicbrics:
Online real estate platform Clicbrics caters to customers from all market groups. Clicbrics gives users ample information about the houses they desire to call home. Whether they are first-time homebuyers or owners of homes of all types.
Relationship advisors at the firm are available to assist with the house-hunting process. Through site visits and service delivery, they guide the clients every step of the way.
They aim to empower buyers in choosing the properties that suit their needs best. Their USPs are:
- They help buyers find the most affordable properties possible.
- The application offers in-depth insights into the location of the new home. For example, they give details about nearby schools, colleges, home views and more.
- Brokers receive immediate notifications when users are looking for a home.
Customer Testimonial:
“Clicbrics is one of the best service providers I have come across in the Real Estate Industry. The team working at clicbrics is professional and enthusiastic. One looking for a house can trust and undoubtedly go ahead and use the services.”
Ritika Sharma
5) NoBroker
Website: https://www.nobroker.in/
Address: 374 23rd Cross Road, Bengaluru, Karnataka 560102, IN
Employee Size: 1,001-5,000 employees
Funding: The total funds raised from 2015 to 2021 is $426M. NoBroker’s lead investors were Tiger Global Management, Moore Strategic, and General Atlantic.
About NoBroker:
Without spending any fees on the broker, you can buy, sell, and rent a house using the NoBroker website or app. Additionally, customers may find all the advertised properties in one location. This enables individuals to make profitable selections that are well-informed.
With its zero brokerage USP, they operate across several real estate transactional elements. This includes the following:
- Rental and outright sales
- Value-added services like house loans,
- Packers and movers,
- Legal documentation,
- And online rent payment, among others.
The platform also offers customized suggestions and supports decision-making with real-time data.
Customer Testimonial:
“Excellent service and an equally involved team. I opted for the Relax plan and got a good deal on my property. Highly recommended app.”
Anoop Nair
6) Infra.Market
Website: https://infra.market/
Address: Thane, Maharashtra, IN
Employee Size: 501-1,000 employees
Funding: The total funds raised from 2019 to 2022 was $406.6M. The key investors were Mars Growth Capital, Navi Technologies, and Yukti Securities.
About Infra.Market:
Infra.Market make use of their spare capacity and produce goods. They do this by forming partnerships with contract manufacturers. They sell to major infrastructure firms and retail stores and are primarily B2B.
Infra.market sells chemicals, cement, and building supplies essential in construction projects. Their main offerings are:
- Customers can access a marketplace for buying goods and services for the building and real estate sectors.
- The unified platform of the business handles and analyzes client requests.
- They are then matched with their supply chain. They also offer reasonable credit choices and a reliable delivery monitoring system.
Infra.Market’s unique selling point is that it connects builders to infrastructure material online. They give their customers competitive rates and an improved infrastructural experience.
Customer Testimonial:
“We would like to thank the entire team at Infra Market for their exceptional service and timely delivery of the quality RMC they delivered for our project. We look forward to a long-term collaboration with them.”
Enso Group
7) Livspace
Website: https://www.livspace.com/in
Address: Kasturba Road, Bangalore – 560001
Employee Size: 1,001-5,000 employees
Funding: The total funds raised were $431.6M from 2014 to 2022. The key investors were Kohlberg Kravis, Saint Gobain, and Trifecta Capital Advisors.
About Livspace:
Livspace is India’s first home design platform. It is a completely tailored market for owners and designers. It aims to approach aesthetics or environments as a final product.
This contrasts with individual furniture and design items. The design service empowers dozens of local residential designers. They do this by providing the following services:
- They help designers in building home decor looks and layout rooms in 2D and 3D digitally.
- Additionally, homeowners can explore completely planned homes in 3D virtual or augmented reality.
- Customers can also browse a catalog of Livspace’s product designs before buying.
Customer Testimonial:
“This house is a part of me. We reached out to Livspace and they designed the house that we really wanted.”
Puja Bhatia
8) PropTiger
Website: https://www.proptiger.com/
Address: Echelon Square, Plot No. 25, Sector 32, Gurgaon – 122001, Gurgaon, Haryana 122001, IN
Employee Size: 1,001-5,000 employees
Funding: The total funds raised from 2014 to 2017 is $85M. The key investors were REA Group, News Corp, and SoftBank.
About PropTiger:
Independent real estate consultant PropTiger has a platform that operates across India. They have a wealth of expertise and understanding regarding Indian real estate. If you wish to purchase a family home in India, they hope to be a buyer’s first point of contact.
They run an internet-based real estate marketplace. Their key focus is to assist clients with property transactions.
- Data and analysis to support customer decision-making.
- Additionally, they provide transparency in transaction processing,
- And empower clients to help their clients with housing loans and land registrations with the aid of software and analytical data.
Customer Testimonial:
“Got the best interest rate with PropTiger and the documentation work was so smooth. Just got my home loan approved in just 1 month. Now I’m living in my dream home all thanks to PropTiger and the staff members.”
PropTiger Customer
9) Square Yards
Website: https://www.squareyards.com/
Address: Gurugram, Haryana, IN
Employee Size: 1,001-5,000 employees
Funding: The total funds raised from 2015 to 2021 were $97.8M. The key investors were Reliance Group Holdings, Lohia Group, and Bennett Coleman and Co Ltd.
About Square Yards:
Square Yards is a portal for real estate and mortgages in India. They provide a comprehensive home buying journey that includes:
- The entire real estate process, with search and discovery
- Acquisitions
- Mortgages
- Designs
- Rentals
- Maintenance of real estate and after-sale assistance
One of Square Yard’s USPs is that they provide a variety of search and discovery tools. These include:
- Heatmaps
- Recommendation engines
- Advanced 3D visual aids,
- Virtual sales offices in mobile apps, and aerial views of neighborhoods.
Through embedded video conferencing, real estate sales professionals can offer property showings online. One agent can now conduct more showings in a single day as a result. The buyers too can experience the convenience of viewing a new property remotely.
Customer Testimonial:
“Was in two minds about investing back home in India. Square Yards made it possible for me to make the right choice, solved my problems, and gave me all help needed till the deal was finally closed.”
Beena Devi
10) Zolo Stays
Website: https://zolostays.com/
Address: HSR Layout Junction, Bengaluru, Karnataka 560102, IN
Employee Size: 501-1,000 employees
Funding: The total funds raised from 2017 to 2020 is $98M. Zolo’s lead investors were Investcorp, Trifecta Capital Advisors, and Nexus Venture Partners.
About Zolo:
Zolo is a Series-B startup backed by Nexus and PE. They offer fully managed co-living and student housing areas. They are India’s fastest-growing tech firm in the respective sectors.
Their living areas offer a wide range of standard and deluxe living amenities. Zolo’s goal is to give working adults and students a hassle-free living environment. Their USPs are:
- A thriving resident network
- An omnichannel portal
- Leading services including sanitary and nutritious cuisine
- Decorated and fully furnished rooms
- Regular room service
- Flawless internet capabilities
- high-tech security, and much more — all made possible by tech
All India’s top locations have Zolo deluxe lodgings. Zolo provides for the basic necessities of life and fosters a sense of respect and friendship in its settings.
Customer Testimonial:
Our Research Methodology
Every real estate company on our list offers innovative technologies to improve user experiences. These businesses are forging brand-new business strategies and redefining the entire consumer experience, from construction materials to selling homes.
Also check out: Top 10 PropTech Companies in the United States
To compete in the upcoming property market, real estate brokers should consider investing in these products. You might find that some of the tools on this list are just what you need. And in case you’re curious about the standards I used to shortlist candidates for this list, they were:
- First, I tried to include as varied options as possible. For instance, Infra.Market is a Proptech focused on providing building infrastructure materials. Whereas Livspace concentrates on helping home designers reach out to homeowners looking to design their homes.
- The Indian proptech sector is still relatively new. Making it much harder to find tools that have many customer reviews on unbiased review platforms. We tried to include those proptech startups that have genuine customer testimonials.
Finally, if you’re in the real estate sector, and looking for tools to level-up your sales and marketing game, do check out LeadSquared.
LeadSquared is trusted by leading real estate firms like Rohan Builders, Shapoorji Pallonji, Zolo, PropCrown Global, Cofynd, and may more for their sales operations. Book a quick demo to know more about LeadSquared’s Real Estate CRM platform.
