Brigade REAP Incubates 76 Proptech Startups, Leading India’s Largest Proptech Ecosystem with ₹200 Cr Earth Fund
by Suman Gupta
Mumbai, November 13, 2024: NAREDCO Maharashtra NextGen, in partnership with Brigade Real Estate Accelerator Program (REAP), is excited to announce the strengthening of PROPEL, an innovative initiative designed to empower emerging entrepreneurs in India’s dynamic real estate sector. Brigade REAP has till date incubated 76 startups in the Proptech Space, the highest in India. Along with the Earth Fund, a 200 Cr Proptech Venture fund, this represents the largest ecosystem for Proptech startups in India.
PROPEL, will be prominently showcased at Excelerate 3.0 a premier event dedicated to advancing technology and innovation in the real estate industry, at Hotel Sahara Star, Mumbai, on November 14, 2024.
As part of this initiative, Brigade REAP, one of India’s leading PropTech accelerators, will collaborate to provide critical funding, mentorship, and strategic support to these startups. The tie-up brings together NAREDCO Maharashtra’s vast industry network and Brigade REAP’s expertise in scaling PropTech ventures, creating a powerful platform for entrepreneurs to bring their ideas to life and scale rapidly.
Mr. Prashant Sharma, President, NAREDCO Maharashtra said, “India’s real estate sector is at crossroads, and the need for innovation has never been greater. By partnering with Brigade REAP, we are ensuring that emerging entrepreneurs have access to not only the capital they need but also the strategic guidance that will help them succeed in this fast-paced environment.”
Mr. Rajan Bandelkar, Vice Chairman, NAREDCO said, “PROPEL is designed to provide a comprehensive ecosystem that fosters creativity, sustainability, and cutting-edge solutions that can address the evolving challenges of urbanization. This partnership with Brigade REAP will offer both funding and strategic support that will give startups the tools they need to address the challenges and opportunities of the evolving real estate market.”
Mr. Ridham Gada, President, NAREDCO NextGen Maharashtra said, “We are excited to strengthen PROPEL through our collaboration with Brigade REAP, leveraging their expertise to support the growth of PropTech startups. Brigade REAP has been a pioneer in fostering PropTech innovation in India, and this partnership amplifies our shared vision of accelerating the next wave of disruptive technologies in real estate.”
At Excelerate 3.0, PROPEL will take center stage as a key part of the event’s focus on innovation in real estate. The event will bring together top players from the real estate, technology, and startup ecosystems to explore emerging trends in smart cities, sustainability, artificial intelligence, and more. Participants will have the opportunity to pitch their ideas, gain exposure, and potentially secure funding from a wide array of investors, including those backed by Brigade REAP.
PROPEL will focus on providing participants with mentorship from industry leaders, access to funding, and opportunities to network with potential investors, developers, and other key stakeholders. With the support of Brigade REAP, startups will also gain access to a host of resources, including investment opportunities, market insights, and the expertise of experienced PropTech mentors.
Through PROPEL, NAREDCO Maharashtra NextGen and Brigade REAP are not only helping to accelerate innovation but also positioning India as a global leader in real estate technology and sustainable urban development.
