The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts have partnered to set up a $100 million proptech fund to invest in startups bringing in innovative disruption in the real estate sector.
This fund will invest in early to growth stage startups that have the potential to transform the real estate industry through technology, data analytics, blockchain, AI and augmented reality.
The fund would focus on startups catering to all the major segments of real-estate including residential, commercial, institutional (hotels, schools, hospitals) and industrial (warehouses, factories etc).
CREDAI will provide startups with access to its network base of over 13,000 members from 256 different industrial fields in real estate such as developers, vendors, channel partners, and promoters amongst others. It will support portfolio startups with the right mentorship and work towards making the real estate sector more digitalized.
Venture Catalysts has been actively investing in the real estate industry with a portfolio of over a dozen startups such as OYO, Basic, Grexter, Sharenest, Home Capital and Rentomojo amongst others.
Venture Catalysts Group also runs a $100 million Beams Fintech Fund and $150 million accelerator fund called 9Unicorns.
Source entrackr
