PropertyPistol, a proptech startup, has raised $2.7 million (around ₹25 crore) in a Pre-Series B funding round led by well-known investor Ashish Kacholia. Existing investors also took part in the round.
The startup plans to use the funds to expand its business in Dubai. Earlier this month, it announced an AED 10 million investment in the UAE. Over the past three years, PropertyPistol says it has managed real estate deals worth ₹3,000 crore in the region.
Part of the funding will also go toward strengthening operations in the Delhi-NCR real estate market. Additionally, the company aims to accelerate the development of its technology platform and expand its syndication-based sales network to deliver a better experience for customers, property developers, and channel partners.
“Dubai continues to dominate global property investments while NCR represents india’s strongest demand engine; therefore, strengthening both markets forms the backbone of our growth architecture,” said, Ashish Narain Agarwal, founder of PropertyPistol.
PropertyPistol was founded in 2012 by Ashish Narain Agarwal. The company was created to connect builders, brokers, and customers and help them with property advice and sales.
It started with the goal of making real estate deals simpler using technology.
Over time, PropertyPistol has grown into a full-service real estate platform. It now provides advanced data analytics, customer management software, and other tech tools to make property buying and selling easier and more user-friendly.
The startup operates in over 30 cities across India. It also runs a special Dubai desk that helps Indian buyers invest in real estate in the UAE.
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