Mumbai-based prop-tech startup JUSTO Realfintech has reportedly raised $7 Mn (approximately INR 58.8 Cr) from investment management firm Arbour Investments through a combination of equity and debt infusion.
JUSTO intends to expand its market presence and accelerate its development by utilizing the proceeds from the fundraising effort.
The remaining $2 million has been invested in debt, while $5 million is in the form of equity.
JUSTO Realfintech provides comprehensive solutions to assist real estate developers in achieving sales growth, particularly for group housing developments.
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The venture is present in Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik. It asserts that it has completed the construction of 9,000 housing units thus far, resulting in sales exceeding INR 6,000 Cr.
About JUSTO Realfintech
Founded in 2019 by Pushpamitra Das and Rahul Pande, JUSTO is an innovative knowledge-driven real estate services company that facilitates developers across all aspects of the ‘Design to Delivery’ product cycle.
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