Propsoch Raises $2M Seed Funding for Business Expansion

New Delhi, Jun 3 (PTI) Bengaluru-based real estate consultant Propsoch on Wednesday said it has raised USD 2 million (around Rs 19 crore) in a seed funding round led by Athera Venture Partners, Sparrow Capital, and Vakil Group to expand business.

The fund will be utilised to strengthen research and advisory capabilities, expand team across functions, and support market expansion, the startup said in a statement.


Prior to this round, Propsoch had raised USD 6,00,000, including a pre-seed led by the family office arms of the Godrej Group and the Vakil Group, along with investments from Mohit Malhotra, former MD and CEO of Godrej Properties, and Bhaskar Bhat, former MD of Titan Company.

"A home is an Indian family's biggest financial decision, yet they navigate it with less transparency than buying a smartphone. We started Propsoch to change that. After successfully advising 1,500+ families in Bengaluru, we are now scaling our ability to service 10,000+ homebuyers this year," Propsoch Founder and CEO Ashish Acharya said.

Ravi Agrawal is the Co-Founder and Chief Product & Technology Officer of the company.