![\"Propsoch](\"https:\/\/inc42.com\/wp-content\/themes\/inc42\/img\/datalab-crosslink\/hover-datalab-logo.svg\"){kind=logo}
has secured $2 Mn (\u20b919.1 Cr) in a seed funding round led by Athera Venture Partners, Sparrow Capital and Vakil Group.<\/p>\n\t\t\t\t\t\tSUMMARY<\/p>\n
The seed funding round was led by Athera Venture Partners, Sparrow Capital and Vakil Group<\/p>\n
Propsoch will use the funding to fuel its market expansion plans, build its team and double down on the platform\u2019s research and advisory capabilities<\/p>\n
Prior to this round, the proptech startup raised $600K in a pre-seed round led by the family offices of Godrej Group and Vakil Group<\/p>\n
Bengaluru-based Propsoch has secured $2 Mn (\u20b919.1 Cr) in a seed funding round led by Athera Venture Partners, Sparrow Capital and Vakil Group.<\/p>\n
The proptech startup \u2014 which offers users a real estate advisory platform \u2014 will use the fresh funding to fuel its market expansion plans, build its team and double down on the platform\u2019s research and advisory capabilities.<\/p>\n
\u201cThis funding round helps us deepen our roots in our home market while we expand our footprint into Mumbai,\u201d cofounder and CEO Ashish Acharya said.<\/p>\n
Founded in 2022 by Acharya and Ravi Agrawal, Propsoch offers end-to-end guidance to homebuyers from finding the properties to shortlisting them and closing the best deals.<\/p>\n
Propsoch combines AI-led research with expert architectural due diligence. It evaluates properties across 80+ critical parameters including builder credibility, construction quality, project efficiency and future appreciation.<\/p>\n
Since its inception, it has signed more than 500 projects across Bengaluru, and has worked with above 210 partner builders.<\/p>\n
\u201cAfter successfully advising 1,500+ families in Bengaluru, we are now scaling our ability to service 10,000+ homebuyers this year,\u201d Acharya added.<\/p>\n
Prior to this round, the proptech startup raised $600K in a pre-seed round led by the family offices of Godrej Group and Vakil Group.<\/p>\n
The development comes at a time when the proptech segment has been gaining traction due to the growing demand from consumers to own properties at flexible financial options.<\/p>\n
Since the start of this year, investors have backed proptech startups like PropertyPistol<\/a>, Truva <\/a>and Flent<\/a> to back their massive expansion plans, betting on the increasing demand.<\/p>\n At the heart of all this is the homegrown proptech ecosystem, which is projected to become a $3.8 Bn opportunity by 2030.<\/p>\n