Jugyah, a Mumbai-based prop-tech startup, has secured $1.5 million in funding to fuel its expansion within the MMR. The company offers a comprehensive real estate brokerage experience with integrated mortgage solutions and aims to streamline the entire home buying and renting process.
Mumbai’s proptech scene is witnessing a funding surge with Jugyah, a young real estate brokerage platform, securing $1.5 million in its first funding round. The round was led by a heavyweight consortium featuring White Venture Capital, QED Investors, and real estate giant Godrej Properties. This vote of confidence was further bolstered by participation from Whiteboard Capital, Singularity Ventures, and prominent angel investors like Kunal Shah (founder of Cred), Harsh Jain (Dream Sports), and Ramakant Sharma (Livspace).
This influx of capital will be strategically deployed to fuel Jugyah’s expansion within the Mumbai Metropolitan Region (MMR), a lucrative market ripe for disruption. The company, founded in 2023 by Arshad Balwa and Ansuman Mohanty, aims to transform the real estate experience by connecting property buyers and tenants with sellers and landlords seamlessly.
Jugyah goes beyond just listing properties; it offers a comprehensive solution. A unique differentiator is their in-house mortgage origination arm, allowing users to explore financing options directly through the platform. This one-stop-shop approach extends to visit scheduling, negotiation assistance, transaction facilitation, and even post-move-in support.
Jugyah seamlessly integrates both online and offline channels to ensure a smooth and convenient experience throughout the home-buying or renting journey.
