PropEquity, a real estate data analytics company, raises Rs 25 crore through an IPO

Updated: Aug 4

Samir Jasuja, the company's founder and managing director, told that PropEquity, a provider of real estate data, research, and analytics, raised Rs 25 crore through an IPO.

The company plans to use the money to increase its presence in new locations and advance its technological capabilities.

Many developers utilise our data to determine the advantages of the location where they plan to launch a project. The market has reacted favourably to PropTech enterprises. The fund will assist us in growing our reach, particularly in tier 2 cities, which have had significant growth since Covid, according to Jasuja.

Leading developers have funded more than INR 18,700 crore (USD 2.4 billion) through the QIP and IPO methods since FY2019, according to a CBRE analysis.

According to the most recent report by the REA India owned digital real estate portal, private equity (PE) investments in proptech enterprises climbed by 35 percent in 2021 to a record USD 741 million. This growth was caused by greater adoption of technology in the real estate sector.

According to the estimate, USD 551 million would be invested in proptech companies during the 2020 calendar year. Between 2009 and 2021, India's proptech sector got USD 3.2 billion in private finance.

The investments that are tracked span the early, growth, and late stages of private equity, venture capital, debt, PIPE (Private Investment in Public Entities), project level investments, and pre-IPO private equity agreements.

Since 2010, private equity investments in proptech companies have increased at a CAGR of 55%.

According to the most recent trends, private equity inflow has significantly increased in the construction technology sector despite the rise in input costs, as digitisation helps to achieve greater efficiency and increases cost savings, while proptech segments like sales and marketing continue to attract investor interest.

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