Proptech startup Jugyah has raised $1.5 Mn (INR 12.5 Cr) in a seed funding round co-led by White Venture Capital, QED Investors and Godrej Properties
The company looks to use the fresh capital to scale up its tech stack and hiring, besides growing its brand and offline expansion
Founded in 2023 by Balwa and Ansuman Mohanty, Jugyah operates as a tech backed real estate brokerage firm, which connects tenants and landlords
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Mumbai-based proptech startup Jugyah has raised $1.5 Mn (INR 12.5 Cr) in a seed funding round co-led by White Venture Capital, QED Investors and Godrej Properties.
The round also saw participation from Whiteboard Capital, Singularity Ventures and a clutch of angel investors, including CRED’s founder Kunal Shah, Dream 11 CEO Harsh Jain and Livspace cofounder Ramakant Sharma among others.
The company looks to use the fresh capital to scale up its tech stack and hiring, besides growing its brand and offline expansion, cofounder and chief executive Arshad Balwa told Inc42.
It also looks to expand its operations across Mumbai metropolitan region.
Founded in 2023 by Balwa and Ansuman Mohanty, Jugyah operates as a tech backed real estate brokerage firm, which connects tenants and landlords.
Jugyah’s portal takes photos and 360 virtual tours, allows tenants and buyers to schedule visits and each tenant would undergo an e-KYC and credit assessment to better assist landlords in picking a credit verified tenant.
The company also claims it is currently growing more than 50% month-on-month.
Sandeep Patil, head of Asia at QED Investors, said, “We are excited about Jugyah’s vision to comprehensively solve challenges that buyers, renters, landlords and agents face in today’s marketplace. Arshad and Ansuman bring to bear insights, networks, and energy which can truly make a difference in the everyday lives of middle class India in growing metropolises.”
The company’s funding comes at a time where proptech startups have seen an uptick among users with the rising urban traffic today.
Earlier this year, Aeria secured $1.8 Mn in a pre-seed funding round led by Kalaari Capital and Foundamental and other investors for business expansion across Southeast Asia, Middle East and other Asian countries.
Meanwhile, Delhi NCR-based Square Yards was also in talks with investors to raise around $100 Mn in a mix of equity and debt, as it is looking to go public in the next financial year (FY26) in April.
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