BricSpaces raises $350,000 in pre-seed round

Bengaluru-based proptech startup BricSpaces has raised $350,000 in a pre-seed round from marquee investors. The investors include Freshworks co-founder Shan Krishnasamy, serial tech investor Bharat Kapoor from 50K Ventures and Eeva developer Vishal along with other angels. "Real estate is highly fragmented and one of the most unorganised sectors in India," said BricSpaces founder and CEO Madhusudhan AV.

"By digitising using technology back-end operations and by transforming day-to-day real estate management into a seamless cloud-based platform, we have created a transaction management dashboard allowing from discovery to booking on a single platform."BricSpaces has closed transactions worth more than Rs 40 crore within the first year of operations, and has pipeline orders worth Rs 80 crore even during the pandemic.

With a large market of agent brokerage in India worth $3 billion annually, BricSpaces wants to be the market leaders targeting one-third of the market share in the coming years with aggressive scale using technology.


Realty technology firms or proptech companies are seeing increasing interest from investors due to a growing need of technology amidst the spread of Covid-19 across the country.