Chandigarh-based Proptech Startup POPT Raises $2 Million In Funding
Chandigarh-based proptech startup POPT has raised $2 million in a pre-seed round of funding from Canada-based angel investors MRW Ventures and Riar Holdings. Seven other Indian angel investors also participated in this funding round.
The proptech startup plans to use the funds for research and development, statistical analysis, and standardisation. POPT also plans to use the raised funds to build a full-stack SAAS-based IT solution for retail buyers and sellers, developers, agents, and real estate companies.
Additionally, the existing features like listing, filtering and searching, marketplace, and related real estate sector services will be included.
POPT Scan Realty | Assess And Index Properties Worldwide
Founded in December 2021 by Manpreet Singh and Hemant Nanda, POPT Scan Realty is a Chandigarh-based proptech startup that is leveraging tech to help real estate sector buyers and investors find the right property seamlessly. The proptech startup is also aligning and graduating the perspective of sellers, promoters, and buyers on the platform.
Speaking about the development, Manpreet Singh, Co-founder of POPT, said,
“Our initial research and analysis of 18 months give us enough cues that the new generation of buyers have a global perspective and are willing to go ahead and even flip their current residences if they can find the right fit. POPT is ahead of Proptech 3.0 and is the beginning of Proptech 4.0.”
The Chandigarh-based proptech startup focuses on standardisation, indexing, positioning, and valuation of a property based on quantification of lifestyle, luxury, and experiential factors. As per the co-founder, POPT is making online property search easy, personalised and hassle-free for the new generation of buyers.
Last year, Bangalore-based proptech startup NoBroker raised $210 million in its Series E financing round and became India’s first proptech startup to enter the coveted unicorn club.
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