Express Computer
Home  »  News  »  Blox raises USD 12 million in Series A funding round

Blox raises USD 12 million in Series A funding round

0 157

Proptech start-up, Blox, announced that it has raised USD 12 million in a Series A funding round – the largest in the proptech sector in India. This round was backed by earlier Silicon Valley investors and new strategic investors and angels, notably Kunal Shah, founder of CRED. The funds will be utilized by Blox for market expansion, boosting the product portfolio, and building data infrastructure across customer, broker, and developer segments.

Blox is a fully integrated online real-estate service that allows customers to make their home-buying experience as seamless as possible. Blox provides instantaneous site visits along with complete transparency and convenience through its comprehensive home-buying experience.

A Relationship Manager is assigned to every home buyer to assist with virtual and physical site visits across the city. To sustain and further develop their capabilities, this round of funding will enhance the product development frameworks and streamline technologies to build a superior customer experience. It will also be utilized to expand Blox’s presence through market expansion and penetration, allowing Blox to service more developers and create a higher property density for customers to view more projects that are being serviced actively by the company.

Blox Founder and CEO, Aditya Jhaveri, commented, “We are stoked to receive this round of funding from our existing Silicon Valley investors, new strategic investors and angels, along with Kunal Shah. It reaffirms their faith in our vision to lead India’s property technology transformation and disrupt the USD 100 billion real estate market. Blox was conceptualized with the aim to democratize real estate by keeping customers at the center of the equation and making real estate purchases joyful again, by delivering the end-to-end purchase process.

We understand that buying a home is the biggest decision for a family. We want to ensure that our customers have access to the best possible data insights, allowing them to make informed decisions based on transparency and trust. The Indian real estate sector has massive untapped potential and we are proud to be at the forefront of this growth opportunity. This round of funding bolsters our position as a market leader and gives impetus to our customer-driven approach.”

Since its launch in 2020, Blox has been making waves in the real estate industry with its unique approach to home buying. The platform enables users to buy a home in less than 7 clicks, making it one of the most user-friendly platforms in India. With this latest round of funding, Blox is well-positioned to continue its growth trajectory and emerge as a leading player in the real estate space.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image