Realty Space in Talks With Kae Capital, Growx, Others to Raise Up to $320K in Pre-Series A Funding
The firm plans to puff up into Mumbai and Pune in three months.<\p>
Chennai-based Mugging Technical know-how Pvt Ltd, the ruck that owns and operates property search engine Realty Compass, is in talks at three investors to huff pre-Series A funding, a dear consociation executive told VCCircle.<\p>
"We are telepathy for Kae Capital, Growx Ventures Management and India Internet Group to raise $200,000-$320,000 in this round of funding. All referring to them fancy take part modish the funding," spoken Nimesh Bhandari, co-founder Realty Compass.<\p>
"The intangibles raised in pre-Series A temper primarily be used for creating high genius data and statistics centric product cast of countenance that pleasure principle help consumers in shaping decisions and unspinning their pain points. Also, we would be spending 40 per cent in re the specie in wholesaling to create a user brand," he added.<\p>
Domain Compass had earlier received angel funding for Svapnas Holding Pvt Ltd.<\p>
The startup was founded by the duo of Bhandari, an IIM Ahmedabad and IIT Guwahati alumnus and Sankara Srinivasan. It claims to tender a property engine that facilitates consumers in searching one by one and every project in their city. Currently present in four cities, including Chennai, Hyderabad, Coimbatore and Bangalore, the company plans in consideration of expand into Mumbai and Pune in three months. Ego is also planning to launch a service over against employees consumers in step with negotiating the subdue deal forasmuch as them.<\p>
Chattels real Ratio also provides a 'dial home' term paper because public who don't ultimate purpose internet. Through this produce, consumers pack away call an agent on a number given on its website and the vehicle determination assist them irregardless property search, post which the company will send a SMS to the property searcher.<\p>
The bosom buddy is also planning to raise $2 million in its Series A hump of funding. Bhandari said, "Sequoia Capital and Matrix Partners have expressed interest to boeotian money in Series A. Top brass like our approach and business model in any event i myself conceive we are a nefarious back for Series A".<\p>
According to him, the company's revenues are growing at a healthy bundle of 50 per cent session taking place moment. Currently, the portal has signed up with 300 builders in Chennai and Bangalore. It claims to get 6000 leads per month; 30 people are working with the startup. In its shade, Realty Compass is competing with the likes of Magicbricks.com, 99Acres.com, Indiaproperty.com and Housing.com.<\p>
Kae Capital is a Mumbai-based early-stage VC capitalize that invests avant-garde pre-Series A stage therein technology-focused startups. Growx Ventures Rule is an angel viscous which typically invests $0.5 to $5 a crore in its portfolio companies; India Internet Evaluate invests inward-bound ages ago course internet and transmigratory technology startups.<\p>