Several Indian proptech startups have garnered substantial profits in the last financial year. Clicbrics, an artificial intelligence (AI) driven real-estate brokerage platform has performed exceptionally well. On Wednesday, the Delhi-based firm announced that it raised $3 million (approx. INR 20 crore) in a Pre-Series A round. Founded in 2017, the property brokerage is planning to use the freshly raised capital to fuel its expansion and growth in the Indian market.
Square Yards is also in the fray! The company has announced that it clocked a revenue of $32 million (around INR 220 crore), with 11,500 transactions for the financial year ending March 31, 2019 (FY19). Tanuj Shori, Founder & CEO – Square Yards, said in an official statement that revenue from its real estate business grew by over 50 percent during the period and the company turned profitable at EBITDA level for the last quarter.
In an article published on the online tech-news portal YourStory, Tanuj Shori, Founder & CEO, Square Yards shares his views on the topic. To read more, click here
Published by: YourStory
Date: 14 August 2019