After emerging from stealth, online real estate broker Jugyah has raised $1.5 million in a fundraising round headed by Godrej Properties, QED Investors, and White Venture Capital.
Before branching out to other locations in the state, the funds will be utilised to increase market share in specific, high-demand areas and extend throughout the Mumbai metropolitan area.
Whiteboard Capital, Singularity Ventures, and angel investors Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace) were also involved in the round.
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Similar to Redfin in the USA and Loft and Quinto Andar in Brazil, Jugyah is a real estate brokerage with an internal mortgage origination division.
According to Jugyah, it is a fully controlled marketplace that is vertically integrated and has 100% verified listings. Tenants and buyers can book visits immediately on the internet thanks to the team’s 360-degree virtual tours and photo capture.
About Jugyah
Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah is India’s fastest growing technology enabled residential brokerage, transforming how the next billion urban Indians live.
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