Proptech Startup PropertyPistol Bags $2.7 Mn To Expand Presence In UAE
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
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. The startup has expanded its product suite to include advanced analytics and customer relationship tools, while rolling out new tech integrations to improve user experience and streamline property transactions.
The startup is operational across over 30 Indian cities. It also runs a dedicated Dubai desk that functions as a cross‑border advisory platform for Indian buyers in the UAE real estate market.
It claims to have sold over 32,000 residential and commercial properties worth $4 Bn (INR 25,000 Cr) in transactions in partnership with 400 builders over the last ten years. It claims a client base north of 5.5 Lakh since inception.
It last raised INR 45 Cr in investment during a Series A round in 2023 from investors like ICICI Bank, Barings Private Equity and CarDekho founder Amit Jain, along with Kacholia.
In the real estate tech market, PropertyPistol competes with players such as NoBroker and CommonFloor. Investor interest in the sector has remained steady, with multiple deals announced in recent months.
Just last week, Truva raised INR 78 Cr ($8.6 Mn) from marquee investors and startup founders in a bid to expand its presence and improve its tech stack. Similarly, HouseEazy announced the raise of INR 150 Cr ($16.9 Mn) earlier in October to expand beyond Bengaluru to other metro cities.
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