Indian proptech startup PropShare raises $47 million for business expansion

Oluwajuwonlo Afolabi -

PropShare, an India-based proptech startup has raised $47 million in its new funding round led by WestBridge Capital and Pravega Ventures.

  • The fund will be invested in expanding its operations into new markets and scaling its real-estate asset classes through the improvement of people, technology, and distribution channels.
  • The startup intends to improve the user experience on its platform and add new products.
  • PropShare is a tech-driven real estate platform enabling investors to buy commercial real estate assets.
  • It targets to reach $1 billion in transacted asset value by partnering with WestBridge Capital.