Mumbai based proptech startup firm Jugyah has secured $1.5 million in a funding round which was led by White Venture Capital, QED Investors, and Godrej Properties. Few venture capital firms like Whiteboard Capital, Singularity Ventures, and notable angel investors, including Kunal Shah of Cred, Harsh Jain of Dream Sports, and Ramakant Sharma of Livspace also graced the round with their presence.

This fresh fund will help them to expand within the Mumbai Metropolitan Region and its plans to increase market share.

The company was established in 2023 by Arshad Balwa and Ansuman Mohanty. The company is providing a brokerage platform which connects property buyers and tenants with sellers and landlords.

The platform also consists of an in-house mortgage origination arm, providing financing options for users. Currently the company is competing with NoBroker, Property Guru, and Housing, and others.

The mission of the startup is to address the entire home sale and rental process by integrating services such as visit scheduling, negotiation, transaction facilitation, and post-move-in support through both digital and physical platforms.

The co-founder Arshad Balwa said, “To truly solve the home buyer and renter’s problems, we had to re-architecture the entire home sale and rental value chain from first principles. We realised that listing platforms are very surface-level and barely solve the search and discovery problem. What happens after, that is the visit, negotiation, transaction and post move-in experience, is completely offline and unstandardized.”

The company is offering few services are aimed at improving the real estate transaction process. The tenants need to undergo an e-KYC procedure and credit assessment, providing landlords with credit-verified tenants.

Buyers can get benefitted by getting features like free seepage warranties, free legal support, and zero-commission mortgage pre-approval.

The startup has initiated an offline experience centers in South Mumbai and Navi Mumbai, where customers can receive assistance from Jugyah’s agents.

Talking about the funding, Sandeep Patil, head of Asia at QED Investors said, “We are excited about Jugyah’s vision to comprehensively solve challenges that buyers, renters, landlords and agents face in today’s marketplace. Arshad and Ansuman bring to bear insights, networks, and energy which can truly make a difference in the everyday lives of middle-class India in growing metropolises – we can’t wait to see what they will build here.”