Realty Shrine in Talks From Kae Upmost, Growx, Others to Raise Up to $320K clout Pre-Series A Funding
The firm plans to expand into Mumbai and Pune in three months.<\p>
Chennai-based Blitzkrieg Technology Pvt Ltd, the company that owns and operates cachet search dynamo Plot Compass, is in talks with three investors to lick into shape pre-Series A funding, a top company executive told VCCircle.<\p>
"We are talking to Kae County site, Growx Ventures Management and India Internet Group en route to raise $200,000-$320,000 in this round of funding. All as to them will steal part in the funding," said Nimesh Bhandari, co-founder Realty Compass.<\p>
"The funds accelerated in pre-Series A will primarily stand used for creating high usefulness the particulars and data centric distillate features that will offices consumers in getting decisions and untangling their tumor points. Also, we would be spending 40 per cent of the bank account in mail-order buying to elaborate a consumer brand," he added.<\p>
Realty Compass had earlier received angel funding from Svapnas Holding Pvt Ltd.<\p>
The startup was founded by the duo relating to Bhandari, an IIM Ahmedabad and IIT Guwahati alumnus and Sankara Srinivasan. They claims up offer a property engine that facilitates consumers in searching each and every project entering their city. Currently present in four cities, including Chennai, Hyderabad, Coimbatore and Bangalore, the first team plans en route to expand into Mumbai and Pune in three months. Himself is also planning to set in motion a service to help consumers by negotiating the best deal for them.<\p>
Land Compass also provides a 'dial home' feature for settle down who don't use internet. Through this bunny, consumers can call an father in contact with a race parameter on its website and the helpmeet will assist them with property search, post which the company will send a SMS en route to the easy circumstances searcher.<\p>
The caller is and also planning headed for raise $2 million in its Suite A round of funding. Bhandari said, "Sequoia Capital and Matrix Partners be conscious of expressed interest to affirm money up-to-date Series A. They wish very much our approach and business facsimile but they believe we are a little early for Series A".<\p>
According so as to him, the company's revenues are increasing at a healthy pace in connection with 50 per mark month on month. Currently, the portal has signed up with 300 builders in Chennai and Bangalore. It claims to bug 6000 leads per month; 30 people are working with the startup. In its proportion, Realty Compass is competing attended by the likes of Magicbricks.com, 99Acres.com, Indiaproperty.com and Home.com.<\p>
Kae Capital is a Mumbai-based early-stage VC fund that invests in pre-Series A stage in technology-focused startups. Growx Ventures Management is an angel tense which typically invests $0.5 unto $5 a zillion in its portfolio companies; India Internet Division invests in sometime circus internet and mobile technical knowledge startups.<\p>
