Propsoch, an innovative startup providing property insights and analysis, has successfully raised $500,000 in pre-seed funding.
The round was led by prominent family offices, including the Godrej Group and the Vakil Group, with additional support from key investors such as Mohit Malhotra, the former CEO of Godrej Properties, and Bhaskar Bhat, the ex-Managing Director of Titan Company.
This infusion of capital will enable Propsoch to accelerate its market expansion into key cities, namely Mumbai and Pune, while also scaling up its operations in Bengaluru. The company’s founders, Ashish Acharya and Ravi Agrawal, are determined to address a critical gap in the Indian real estate sector – the lack of transparency that often surrounds property transactions. Their mission is to empower homebuyers with reliable data and analysis, helping them make well-informed decisions when purchasing properties.
“Buying a home is one of the most significant decisions a person can make, and Propsoch aims to simplify that journey,” said Ashish Acharya, co-founder of Propsoch. “With this funding, we will strengthen our platform’s capabilities to provide actionable insights and analysis that can reduce the confusion and uncertainty that often plague real estate transactions.”
The backing from Godrej Group, through its family office, underscores the alignment between Propsoch’s vision and Godrej Properties’ commitment to transparent, data-driven solutions in the real estate sector. Pirojsha Godrej, Executive Chairman of Godrej Properties, expressed confidence in the company’s potential: “Propsoch’s approach to using data for clarity and transparency in real estate is in line with our own belief in providing value to end consumers through innovative solutions.”
The company’s growing roster of investors is a testament to the promise Propsoch holds in revolutionizing the real estate sector by making property analysis accessible to everyone. With a strategic focus on technology-driven insights, the startup is poised to become a key player in transforming the way property buyers interact with the market.
Propsoch’s focus is on providing homebuyers with transparent and easily accessible data that can guide their purchasing decisions. By integrating advanced analytics and AI-powered insights, the platform aims to bring clarity to an often opaque industry, addressing concerns related to pricing, market trends, and property valuations.
With these fresh funds, the company is on track to further enhance its product offerings, expand its user base, and bring its vision to life across more cities in India. Propsoch is dedicated to empowering real estate consumers with the knowledge they need to make confident decisions, ultimately leading to a more informed, efficient, and transparent market.
As Propsoch gears up for its next phase of growth, the infusion of $500K will play a critical role in building a robust platform that caters to the evolving needs of the Indian real estate market. The startup’s innovative approach and strong backing from industry veterans position it well for success in an increasingly competitive market.
Propsoch is set to become a game-changer in the real estate tech space, helping customers navigate the complexities of property buying with ease and confidence. As the company continues to expand its reach, it promises to offer unparalleled insights that can transform the property-buying experience for people across India.
