Jugyah is an online real estate broker platform that secured $1.5 million in its funding round led by  White Ventures, Godrej Properties, and QED investors. The funding round had the participation of various investors including Singularity Ventures, Whiteboard Capital, Founder of Cred Kunal Shah, Livspace’s Ramakant Sharma, and others. The startup plans to use these fresh proceeds to scale its  

operations, increase its market shares, enhance its platform, and expand its network within Mumbai’s  metropolitan areas. 

The firm was founded by Ansuman Mohanty and Arshad Balwa in 2023 to offer an online real estate  brokerage platform with an in-house mortgage origination service to provide various financial options to its users. This platform makes it faster and easier to search multiple properties and schedule appointments online. The startup provides a full-stack, vertically integrated marketplace with 100  percent verified listings. The company has a team designed to take photos and 360-degree virtual tour  videos for its buyers and tenants to look at the place online before scheduling appointments through  the website. This online platform allows buyers and landlords to connect directly. 

The proptech startup also has offline centers with its agents in the south and Navi Mumbai where  tenants, buyers, or sellers can walk in and look for the services they are interested in. The co-founder  of Jugyah, Arshad Balwa told ET in an interview that they aim to make real estate brokerage a  standardized product instead of making it a variable quality service. The startup claims to be the  growing tech-enabled real estate brokerage platform. The company offers flats across various locations  in Mumbai meeting tenant requirements. The firm aims to revolutionize the real estate market across  India. 

The company reported a 50 percent month-over-month increase and it expects a positive cash flow by  the end of this year. The long-term and resale market in India is predicted to cross the 300 billion USD  mark by the end of 2026. In addition, the property management and brokerage sector is expected to  cross $20 billion in the same duration. The investment shows the trust of investors in Jugyah’s market  potential and business model. This Mumbai-based startup offers web and mobile applications to its  users to solve property-related queries. The company faces competition from other prop tech  platforms including Housing, NoBroker, Kashyap, and others. 

Conclusion: 

Jugyah, a Mumbai-based proptech startup secured $1.5 million in its new funding round led by QED  investors, White Ventures, and Godrej Properties. This funding round also saw participation from other  investors including Singularity Ventures, WhiteBoard Capital, and angel investors including Cred’s  founder Kunal Shah. The company offers an online real estate brokerage platform that offers financial  services options to its users. The offline centers of the startup are established in South and Navi  Mumbai where buyers, sellers, or tenants can walk in and get in touch with Jugyah’s agents for any  property-related queries. The firm offers flats or properties in various locations in Mumbai.