Proptech startup PropertyPistol has raised $2.7 Mn (INR 25 Cr) in a Pre-Series B round led by ace investor Ashish Kacholia, along with participation from its existing investors. The startup will deploy the fresh funds toward expanding its presence in Dubai, after announcing an AED 10 Mn (~INR 25 Lakh) investment in the UAE earlier this month. It claims to have completed real estate transitions worth INR 3,000 Cr in the region over the last three years. Additionally, it will utilise the funds toward deepening its penetration and enhancing operational capabilities in the Delhi-NCR real estate market. The startup will also accelerate the development of its tech stack along with its syndication-driven distribution network to improve the experience of its customers, developers and channel partners. “Dubai continues to dominate global property investments while NCR represents India’s strongest demand engine; therefore, strengthening both markets forms the backbone of our growth architecture,” PropertyPistol’s founder Ashish Narain Agarwal said. Founded in 2012 by Agarwal, PropertyPistol brings together builders, brokers and customers across residential and commercial real estate for advisory and sale purposes. Originally set up to simplify real estate transactions through technology, PropertyPistol has since evolved into a full-stack real estate services platform.… Read MoreInc42 Media
