CREDAI & Venture Catalysts sets up $100 million proptech fund to back real estate startups
- ByStartupStory | September 7, 2022
The Confederation of Real Estate Developers’ Associations of India (CREDAI) and Venture Catalysts have joined up to establish a $100 million proptech fund to invest in firms that are bringing innovative disruption to the real estate market.
This fund will invest in entrepreneurs in their early development stages that have the potential to alter the real estate sector through technology, data analytics, blockchain, artificial intelligence, and augmented reality.
The fund would prioritize businesses serving all key real-estate categories, including residential, commercial, institutional (hotels, schools, and hospitals), and industrial (warehouses, factories, etc.).
CREDAI will give companies access to its network of over 13,000 members from 256 various real estate industries, including developers, vendors, channel partners, and promoters. It would provide portfolio businesses with appropriate mentorship and endeavor to digitalize the real estate market.
Venture Catalysts has a portfolio of over a dozen firms in the real estate market, including OYO, Basic, Grexter, Sharenest, Home Capital, and Rentomojo, among others. Venture Catalysts Group also manages the $100 million Beams Fintech Fund and the $150 million 9Unicorns Accelerator Fund.
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