Businesses as well as industries have become too reliant on technology today and artificial intelligence and virtual reality are just the tips of the iceberg.
The real estate sector has seen these technological changes too in the form of proptech companies that have brought a transformation in the property market. If you want to know the top five proptech companies you should follow in 2023, this blog has it all.
Continue reading to find out more about these proptech companies!
5 Proptech Companies To Look Out For This Year!
Proptech is a close integration of real estate and technology. It is a term used for all the technical resources that real estate experts use to pace up the following processes:
- Purchasing
- Selling
- Researching
- Marketing
- Managing a property
The aim of any proptech company is to:
- Boost real estate transparency
- Reduce the friction
- Improve asset returns
It’s really interesting to witness how the real estate sector has embraced technology and innovation in the form of proptechs.
These protech companies streamline processes for brokers, lenders, buyers, sellers, and landlords. So, if you want to know how the real estate sector is transforming with the advent of such organisations, here are five proptech companies that you need to look out for!
1). Clicbrics
Founded in 2017 by Mr. Rohit Malik , Clicbrics is India’s first online real estate advisor that lists exclusive and non-exclusive properties and offers detailed insights on them.
What does this proptech company do?
A real estate marketplace for buyers of all segments, Clicbrics is an online platform for all types of buyers. Whether it is a first-time home buyer or a regular buyer of property across any category, they have something for everyone. They have also created an online free tool named Clicworth that lets buyers calculate their property’s valuation and helps them analyse their neighbourhood’s property trends. Their other insight-based tools include price trends and transaction history of the properties.
2). NestAway
Founded in 2015, Nestaway is headquartered in Bangalore, Karnataka. They raised a total of $109.1M in funding. Tiger Global Management and Chiratae Ventures are the most recent additions to the list of investors. They acquired two organisations in 2020, namely StayAbode and ApnaComplex, and one organisation in 2017, namely Zenify.
What does this proptech company do?
It is an online marketplace to book rental properties. This platform allows users to register and search properties by location. It also enables users to book the properties they like through the platform. Property owners can enlist their properties by providing necessary information like:
- Location of the property
- Pictures of the property
- Cost of the property
- The area of the property
NestAway mobile app is available for iOS and Android devices.
3). Stanza living
The founders of this proptech company are Anindya Dutta and Sandeep Dalmia. Stanza living was founded in 2017 and is headquartered in New Delhi. They raised a total of $227.7M in funding. Alteria Capital and RBL Bank are the most recent additions to the list of investors. They acquired one organisation in 2020, namely YourShell, and one organisation in 2022, namely Singularity Automation.
What does this proptech company do?
It is a tech-enabled co-living space for working professionals and students who are migrating to a new place. It offers them high-quality shared living that intends to transform the multi-billion-dollar student housing and co-living market in India. The new-age migrant consumer is at the core of the product and service design, development, and execution. It also claims to be the largest shared living startup in India. They have 55,000 beds under management spread across 14 cities.
4). Infra Market
The founders of this proptech company are Aaditya Sharda and Souvik Sengupta. This company was founded in 2016 and is headquartered in Thane, Maharashtra. They raised a total of $406.6M in funding. Mars Growth Capital is the most recent addition to its list of investors. They acquired two organisations in 2021, namely RDC Concrete and Equiphunt.
What does this proptech company do?
It is an online marketplace for the real estate and construction materials industry. The platform matches clients’ demands with its supply chain along with reasonable credit options. It lets the clients trace their delivery to provide them with fair pricing and a superior technical experience.
5). Livspace
The founders of this proptech company are Shagufta Anurag, Anuj Srivastava and Ramakant Sharma. This company was founded in 2014 and is headquartered in Bangalore, Karnataka. They raised a total of $431.6M in funding. Peugeot SA and Jungle Ventures are the most recent additions to the list of investors. They acquired three organisations in 2015, namely Dwll IN, Dezign Up, and YoFloor, and one organisation in 2021, namely Qanvast.
What does this proptech company do?
It is a one-stop shop where people can find designs and home decor products to furnish their dream homes. Livspace provides home interior services from end to end. The company launched an exclusive design-to-installation platform for the interior design industry named Canvas. Their aim is to:
- Create a one-of-a-kind experience for homeowners
- Simplify the job of interior designers
Summing Up!
Proptech companies have indeed brought changes in buying and selling patterns and increased transparency in the real estate sector and will continue to impact the real estate industry in different ways in the future.
