PeProp.Money, a proptech and fintech platform that simplifies and streamlines the real estate process for developers, consultants and investors, has secured seed funding from India Accelerator. The undisclosed amount of investment aims to further enhance the technology as well as attract new markets and customers.
The platform provides real estate services, E signatures, E stamping and verifying of properties on its user-friendly application. For the past fifteen months, it facilitated over 1,750 transactions worth a whopping 1,375 crore rupees with partners like 15 developers across 30 different projects.
Divaker Bhalla, the founder of PeProp.Money, credits the platform’s success to its AI and big data-based applications and has a user base of 10,000 satisfied partners. “We have been dedicated to providing exceptional value to the real-estate sector”, states Bhalla.
The seed funding is a part of India Accelerator’s strategy to expand their co-working spaces. Abhay Chawla, founding partner and COO of India Accelerator, commented, “The partnership with PeProp.Money is an ideal fit, as their platform seamlessly complements our business offerings. We are excited about this association and are optimistic that our investment in PeProp.Money will yield significant business growth and value in the years to come”.
PeProp.Money was founded by Divaker Bhalla who is an entrepreneur with over 10 years of experience in the software and technology industry in India. He has held many successful positions in prestigious companies such as IBM, Microsoft, and Salesforce. He had a vision of revolutionizing the real estate experience and established PeProp.Money with the goal of providing an integrated real estate experience with minimal transaction costs.
India Accelerator is an accelerator program that helps startups in their early stages of growth by providing them with access to mentorship, along with venture capital funding. It also provides startups with resources that help them raise funds through venture capital networks and angel investors. The India Accelerator program is backed by India Knight Raiz Invest, a venture capital firm, which supports innovative companies that are aimed at making a positive impact in the world.
