India-based proptech startup PeProp.Money has raised an undisclosed sum from India Accelerator in a seed funding round.
According to a news release, PeProp.Money will use the proceeds to enhance its technology, expand into new markets and onboard more customers. A Noida-headquartered real estate marketplace specializing in reward-based transactions, PeProp-Money is operational in more than 20 locations across India, has over 100 partners and offers end-to-end services, such as home loans, e-stamping, and bill payments.
“The partnership with PeProp.Money is an ideal fit, as their platform seamlessly complements our business offerings. We are excited about this association and are optimistic that our investment in PeProp.Money will yield significant business growth and value in the years to come,” said Abhay Chawla, India Accelerator founding partner and COO.
PeProp.Money founder and CEO Divaker Bhalla said: “Since our inception, we have been dedicated to providing exceptional value in the real estate sector through our AI- and big data-based applications.”
To date, PeProp.Money has been involved in 1,750 property transactions worth a total of $167 million U.S., according to the company.