Technology Driven Real Estate Platform Blox Gets INR 100 Crore Rupees From Investors Including Kunal Shah of CRED

Blox, a technology-based real estate purchasing platform, has secured $12 million, or almost 100 crore, in a series A fundraising round, the biggest in India's proptech industry. This investment round was supported by current Silicon Valley investors, new strategic investors, and angel investors, including CRED founder Kunal Shah.

The business intends to use the cash for market growth, product portfolio expansion, and data infrastructure development across client, broker, and developer sectors.

Blox is a fully integrated online real estate business that enables consumers to have the smoothest possible home-buying experience. It offers rapid site inspections in addition to total transparency and ease. Each homebuyer is assigned a relationship manager to help with virtual and actual site visits across the city.

"We are thrilled to receive this round of investment from our current Silicon Valley investors, new strategic investors, and angel investors, in addition to Kunal Shah. It underlines their confidence in our mission to lead India's property technology revolution and disrupt the $100 billion real estate industry. Blox was conceived with the intention of democratising real estate by putting consumers at the centre of the equation and making real estate transactions enjoyable again by offering the end-to-end purchasing experience"