CREDAI & Venture Catalysts Create $100M Proptech Fund to Support Real Estate Startups

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Funding Alert

  • ByStartup Story | September 7, 2022

The Confederation of Real Estate Developers Associations of India (CREDAI) and Venture Catalysts have partnered to establish a $100 million proptech fund to invest in companies that are innovatively disrupting the real estate market.

This fund will invest in early-stage entrepreneurs who have the potential to change the real estate industry through technology, data analytics, blockchain, artificial intelligence and augmented reality.

The fund would prioritize companies serving all key real estate categories, including residential, commercial, institutional (hotels, schools and hospitals) and industrial (warehouses, factories, etc.).

    CREDAI & Venture Catalysts Create $100M Proptech Fund

CREDAI will provide businesses with access to its network of more than 13,000 members from 256 diverse real estate sectors, including developers, sellers, distribution partners and promoters. It would provide portfolio companies with proper mentorship and strive to digitize the real estate market.

Venture Catalysts has a portfolio of more than a dozen companies in the real estate market, including OYO, Basic, Grexter, Sharenest, Home Capital, and Rentomojo, among others. Venture Catalysts Group also manages the $100 million Beams Fintech Fund and the $150 million 9Unicorns Accelerator Fund.

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