Propsmith raises Rs 5 crore in seed funding from Foxhog Ventures

New Delhi: Real estate startup Propsmith has raised Rs 5 crore in a seed funding round led by US-based venture capital firm Foxhog Ventures.

The deal, announced at the end of February, is now complete.

The real estate advisory firm, which currently operates in Noida, Gurugram, Patna and Pune, is looking to expand to other cities as well.


“The real estate market is expected to grow and we expect a better ROI after pandemic. We are also in process to make a larger investment in the field of edtech and personal care products,” Tarun Poddar, Managing Partner-India at Foxhog.

The venture capital firm has completed one year of operations in India. It has also launched a by-women, for-women venture capital on International Women’s Day.