Brigade REAP will make a minimal of 4 investments within the coming 12 months and put money into startups seeking to elevate as much as half one million US {dollars} in early-stage funding.

Startups which have developed modern and disruptive applied sciences in areas like building tech, alternate materials, sensible buildings, sustainability, property transactions, inexpensive housing and many others. with demonstrated product market match and traction, can apply by means of this new platform for funding.

“The investments within the PropTech house has grown at a CAGR of 105{4298251308cd288b939effe95b4c029e39df70679b4587e1449e43e4b08368d8} previously 6 years. In our expertise PropTech startups discover it troublesome to lift funds at an early stage as a result of nascency of the sector. A few of our promising startups have taken wherever between 12-18 months to lift seed cash regardless of exhibiting early promise. Our goal is to bridge this hole. We at the moment are excited to launch a devoted fund for early stage PropTech startups and we hope to assist promising startups of their journey to disrupt the actual property sector. Now that we’re able to mentor our tenth cohort, a few of these startups can also profit from this fund.” mentioned Nirupa Shankar, Government Director, Brigade Enterprises Ltd and Director, Brigade REAP.

Brigade REAP has cultivated a community of Actual Property builders, Architects, MEP consultants, Facility Administration cos. and OEMs, in addition to a robust connect with Actual property associations each in India and abroad.

John Kuruvilla, Chief Mentor at Brigade REAP mentioned that this startups have introduced to over 2,000 Actual Property builders and different related stakeholders in the previous few years. Extra not too long ago, 11 of Brigade REAP’S startups raised cash regardless of the pandemic