Online real estate broker Jugyah raised $1.5 M funding from White Venture Capital, QED
After emerging from stealth, online real estate broker Jugyah has raised $1.5 million in a funding round headed by Godrej Properties, QED Investors, and White Venture Capital.
Whiteboard Capital, Singularity Ventures, and angel investors Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace) were also involved in the round.
Before branching out to other cities in the state, the proceeds will be utilized to increase market share in specific, high-demand areas and expand throughout the Mumbai metropolitan area.
Arshad Balwa and Ansuman Mohanty founded Jugyah in 2023. It is a real estate brokerage with an internal mortgage origination division, akin to Redfin in the USA and Loft and Quinto Andar in Brazil.
Jugyah markets itself as a full stack, vertically integrated, managed marketplace with listings that are 100% verified. The group records images and 360-degree virtual tours so that buyers and tenants can book appointments online.
Additionally, Jugyah’s agents can assist buyers, sellers, and tenants at the company’s offline experience centers located in South and Navi Mumbai.
