Gurugram-based prop-tech startup Zvesta, recently announced that it has raised $5.5mn from Hindustan Media Ventures Limited.
It is understood that the company will use these funds to build its brand and collaborative marketing for real estate aggregation across the country. The company’s primary focus is on building alliances and partnerships across India, strengthening through its technology product.
Talking about the investment, Piyush Gupta, CFO of HT Media Limited said, “Zvesta’s real estate search engine and the database on which they are working is laying a foundation for homeowners, buyers, sellers, renters, real estate agents, landlords, and property managers to discover and maintain vital information about homes, real estate, transactions, and home improvement.”
Zvesta was founded by Rajan Dang and Anushree Srivastava in 2016 at Gurugram, Haryana. The company provides a Software-as-a-Service (SaaS) platform for buyers, sellers, developers and brokers to search, list, advertise, sell, buy and rent out various properties under different categories.
PropTech has been a hot ground for investments in India with several startups emerging and securing heavy investments from angel investors and VC firms. Last year, Square Yards, another Gurugram-based prop-tech startup had raised $20mn of equity capital from Bennett Coleman & Co Limited (BCCL) and Genkai Capital.
Sandeep is a journalism and mass communication graduate with a keen interest in politics and business. He is a part of Research & Content team at HrNxt.com.