Summary:

  • Jugyah emphasizes transparency and convenience, providing detailed property listings with photos and 360-degree virtual tours

  • This round was led by White Venture Capital, QED Investors, and Godrej Properties.

  • Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah operates as a real estate brokerage with an in-house mortgage origination arm.

Online real estate broker Jugyah has emerged from stealth mode and secured $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. This round also saw contributions from Whiteboard Capital, Singularity Ventures, and notable angel investors such as Kunal Shah of Cred, Harsh Jain of Dream11, and Ramakant Sharma of Livspace.

 

Jugyah plans to use the funds to expand its presence across the Mumbai metropolitan region. The company aims to increase its market share in high-demand localities before extending its services to other cities within the state. This strategic expansion is expected to bolster Jugyah’s position in the competitive real estate market.

 

Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah operates as a real estate brokerage with an in-house mortgage origination arm. The business model is inspired by successful companies like Loft and Quinto Andar in Brazil and Redfin in the USA. Jugyah claims to offer a full-stack, vertically integrated, managed marketplace with 100% verified listings. The platform emphasizes transparency and convenience, providing detailed property listings with photos and 360-degree virtual tours. Prospective tenants and buyers can schedule visits directly through the website, streamlining the process of finding a new home.

 

In addition to its robust online presence, Jugyah has established offline experience centers in South and Navi Mumbai. These centers offer a personalized touch, allowing buyers, sellers, and tenants to interact directly with Jugyah’s agents. This hybrid approach caters to a wide range of customer preferences, blending the convenience of digital tools with the assurance of face-to-face interactions.

 

The funding from this round is a significant milestone for Jugyah, signaling investor confidence in its business model and growth potential. The participation of high-profile investors and venture capital firms underscores the attractiveness of the real estate technology sector in India. Jugyah’s focus on verified listings and comprehensive services sets it apart in a crowded market, addressing common pain points such as fraudulent listings and inefficient processes.

 

Jugyah’s co-founders, Arshad Balwa and Ansuman Mohanty, bring a wealth of experience to the table. Balwa’s background in real estate development and Mohanty’s expertise in technology and finance have shaped the company’s innovative approach. Together, they have created a platform that leverages technology to enhance the real estate experience for all parties involved.

 

The decision to initially concentrate on the Mumbai metropolitan area is strategic. Mumbai, known for its dynamic real estate market, presents a prime opportunity for Jugyah to establish a strong foothold. By focusing on high-demand localities, the company can effectively capture a significant share of the market. This approach not only drives growth but also builds a solid foundation for future expansion into other cities.

 

As Jugyah continues to grow, its commitment to quality and customer satisfaction remains paramount. The company’s comprehensive services, from verified listings to in-house mortgage solutions, provide a seamless experience for users. The offline experience centers further enhance this experience, offering personalized assistance and support.

 

In conclusion, Jugyah’s emergence from stealth mode and successful funding round mark the beginning of an exciting journey in the real estate technology sector. With a solid business model, strategic expansion plans, and a commitment to innovation, Jugyah is well-positioned to make a significant impact in the industry. The support from leading investors and the expertise of its founders will undoubtedly drive the company’s growth and success in the years to come.