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.
Whiteboard Capital, Singularity Ventures, and angel investors Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace) were also involved in the round.
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.
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Arshad Balwa and Ansuman Mohanty founded Jugyah in 2023. It is a real estate brokerage with an internal mortgage origination division, like to Redfin in the USA and Loft and Quinto Andar in Brazil.
According to company, 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.
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Additionally, the company maintains offline experience centres in South and Navi Mumbai where prospective tenants, vendors, and buyers can go in and speak with Jugyah’s representatives.
About Jugyah
Jugyah, India’s fastest-growing technology-enabled home brokerage, is changing how billions of urban Indians. Renters, purchasers, and sellers receive a top-notch, tech-enabled transactional experience with free legal support, inbuilt insurance benefits, and the lowest commission.
