Proptech startup Jugyah has raised $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 angel investors such as Cred founder Kunal Shah, Harsh Jain of Dream Sports, and Ramakant Sharma of Livspace.
With the fresh funds, the Mumbai-based company plans to expand its reach within the Mumbai Metropolitan Region and increase its market share.
Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah is a real estate brokerage platform that connects property buyers and tenants with sellers and landlords. The platform also offers additional services, including an in-house mortgage origination arm that provides financing options for its users. All tenants on the platform must undergo an e-KYC procedure and credit assessment, helping landlords select credit-verified tenants for their properties. Buyers benefit from free seepage warranties, free legal support, and zero-commission mortgage pre-approval.
Jugyah has established offline experience centres across South Mumbai and Navi Mumbai, where buyers, sellers, tenants, and landlords can receive assistance from Jugyah’s agents. The company claims it is currently growing at over 50% month-over-month and expects to be cash-flow positive by the end of this year.
