PropertyPistol Secures Impressive Rs 45 Crore Funding from ICICI Bank and Baring Private Equity Partners!
PropertyPistol, a proptech startup, has successfully raised Rs 45 crores in Series A funding. The funding round was led by ICICI Bank and Baring Private Equity Partners India. The company intends to utilize the investment to support its growth and expansion plans.
With the funds raised, PropertyPistol aims to strengthen its leadership team across various business functions and extend its presence in both domestic and international markets. The company plans to focus on new product development and enhancing its core verticals, such as the Syndicate Broker Platform and Project Mandates. Additionally, PropertyPistol will continue to invest in innovative, technology-oriented solutions.
The association with ICICI Bank, a prominent private sector lender, is expected to deepen relationships with stakeholders in the real estate ecosystem. Ashish Narain Agarwal, Founder & CEO of PropertyPistol, expressed his gratitude for the funding and emphasized the company’s significant contribution to the real estate sector. Agarwal believes that the investment will facilitate the company’s expansion into new geographies and drive substantial business growth and value in the future.
The recent funding is expected to motivate the team at PropertyPistol and further inspire their dedication and enthusiasm to excel in the business. The company looks forward to embracing the opportunities that lie ahead as it continues to make strides in the real estate industry.
Source: MoneyControl
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
