Propdial, a real estate technology firm, has raised Rs 1 crore through forced convertible debentures
- ByStartupStory | March 8, 2022
Propdial, a proptech firm based in Gurugram, has received Rs 1 crore through forced convertible debentures as part of a bigger Rs 2-2.5 crore round.
Propdial will use the new funds to expand its local company and expand beyond India. Earlier this year, the startup, which helps people manage the property remotely, raised seed money. In January-March 2022, a larger financing round is anticipated.
Propdial shifted its focus to property management in 2017, allowing property owners in India to manage their properties remotely. It has expanded its activities to eight states and 20 cities in a short period of time. It has a consumer base in more than 45 countries.
Due to a growing demand for property management services, the company recently launched operations in Chennai, as well as expanded into Tier-II cities.
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