Online real estate brokerage Jugyah has emerged from stealth mode, securing $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. The round also saw participation from Whiteboard Capital, Singularity Ventures, and notable angels, including Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace).
Jugyah intends to utilize the proceeds to expand its presence across the Mumbai metropolitan region. The firm will focus on increasing its market share in high-demand localities before extending operations to other cities within the state.
Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah operates as a real estate brokerage with an in-house mortgage origination arm. The company is modeled after successful international platforms like Loft and Quinto Andar in Brazil and Redfin in the USA.
Jugyah offers a vertically integrated, managed marketplace with 100% verified listings. The team captures photos and 360-degree virtual tours, enabling tenants and buyers to schedule property visits directly through the website. Additionally, Jugyah has established offline experience centers in South and Navi Mumbai, where clients can receive personalized service from Jugyah’s agents.
The firm’s approach emphasizes quality and convenience, aiming to revolutionize the real estate market by providing a comprehensive, user-friendly platform. Jugyah’s verification process ensures accurate listings, while the virtual tour feature saves time for potential tenants and buyers.
The participation of prominent investors like White Venture Capital, QED Investors, and Godrej Properties, along with influential angels, underscores the confidence in Jugyah’s business model and growth potential.
Jugyah’s innovative platform and strategic expansion plans position it as a key player in the real estate brokerage market, with a strong focus on enhancing customer experience and market penetration.
Source: Entrackr
