Brigade REAP, Asia’s first proptech accelerator, on Sunday announced that four startups from its portfolio, including LiveSafe1, Aapka Painter, Renewate, and PropVR have raised an undisclosed amount of funding during the ongoing Coronavirus crisis. These companies impact diverse areas such as sustainability, home improvement, and last yard delivery.
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Speaking about the positive development for the Real Estate ecosystem, Nirupa Shankar, Director, Brigade REAP, said, “This is a well-earned validation by proptech startups that are addressing some long-standing inefficiencies in traditional real estate. I see that more developers are looking at technology to establish and accelerate their growth in both commercial and residential real estate. While Covid-19 has given an added stimulus, I expect the adoption of proptech companies to only grow manifold.”
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