Full-stack real estate brokerage and advisory startup PropertyPistol raised INR 45 crore in its Series A funding led by ICICI Bank and Baring Private Equity Partners India to fuel growth and expansion plans.
PropertyPistol stated that the funds will be used to continue investing in creative and technologically advanced solutions. Furthermore, the proptech startup intends to use the additional cash to expand its leadership team across business areas and expand its footprint in newer regions in India and beyond.
PropertyPistol stated in a statement that it has ambitious growth ambitions for new product development and improving its core verticals – Syndicate Broker Platform and Project Mandates – in line with its strategic roadmap and commercial objectives.
“Association with ICICI Bank, one of the leading private sector lenders, will go a long way in deepening relationships with all stakeholders in the real estate ecosystem,” said PropertyPistol founder and CEO Agarwal.
The business already has relationships with Axis Bank, ICICI Bank, SBI, and Bajaj Finserv, among others, to provide property financing choices to purchasers on the platform.
PropertyPistol competes in the country’s extremely competitive real estate market with companies like Delhi-NCR-based proptech unicorn Square Yards, unicorn NoBroker, and 99acres.
