Proptech Accelerator Gruhas ASPIRE Finalises Seven Startups For Its First Cohort

Proptech accelerator Gruhas ASPIRE (Accelerating Sustainable Proptech in Real Estate) on Friday (August 26) announced that it has selected seven startups as part of its maiden cohort.

Under the initiative, the selected startups will be provided with mentorship on a range of domains including market expansion, business model refinement, hiring, branding and marketing.

Gruhas ASPIRE is a partnership between Gruhas Proptech Fund, DLF Family Office, and Anthill Ventures. The accelerator primarily chose startups from four key streams – construction management, property and asset management, new materials and technologies, and investments and financing – for the cohort.

Startups in Gruhas ASPIRE’s first cohort includes Modcave, which manufactures prefabricated temporary shelters, real-estate collaborative tool Realiti.io, fully integrated platform for solar projects Safearth.

Besides, data-driven co-living platform Settl, sustainability-focused fintech platform SusteVest, Tellus Habitat, which offers decentralised wastewater treatment machines, and sustainable bricks seller Zerund are also part of the cohort.

Speaking about the accelerator program, Anthill Ventures partner Sailesh Sigatapu said, “Our mission is to offer startups a speed scaling ecosystem that helps accelerate their growth while building a profitable business model. We do this by establishing a robust product-market fit from the outset and refining their business model before helping them build a measurable plan for sustainable scale.” 

The early-stage fund also said that it is expanding the reach of its urbantech and sustainability initiative IndusX with its partnership with Gruhas ASPIRE. 

Despite an overall stagnation in the Indian startup ecosystem, the homegrown proptech space continues to raise a steady amount of funding. According to a report, investment in the Indian proptech space is expected to zoom to $1 Bn by 2025. 

Earlier this month, Bengaluru-based proptech platform Landeed raised INR 19.5 Cr in a pre-seed funding round led by Clutterbot CEO Justin Hamilton, CRED’s Kunal Shah, among others.

In July, Homexchange raised $4 Mn in a funding round that saw participation from HDFC Capital, Oberoi Realty and Anarock. Another player BuildNext raised $3.5 Mn via equity financing in its pre-Series A funding round led by Madhumala Ventures in July this year.