Blox buys 11% stake in Property Brokerage Guardians for $12 million
Real Estate

Blox buys 11% stake in Property Brokerage Guardians for $12 million

Digital real estate platform Blox has acquired an 11% stake in property brokerage firm Guardians for $12 million, with plans to increase its share to 50% over the next three years. "This acquisition establishes Blox and Guardians as India's largest real estate seller, overseeing annual sales of around 25,000 homes with a consolidated gross transaction value (GTV) of $2 billion in the primary residential market," Blox stated.

Blox aims to expand its GTV five-fold to $10 billion within 3-5 years. The platform supports both direct-to-consumer (D2C) and broker-led B2B2C models, allowing homebuyers to purchase properties entirely online. Founded in 2020 by Aditya Jhaveri and Shivani Karia Jhaveri, Blox combines advanced AI and broker support to streamline the real estate experience. It is backed by $35 million in funding from prominent investors such as CRED founder Kunal Shah and Tinder co-founder Justin Mateen.

Guardians, founded in 2016, has launched 174 projects, sold 23,000 units, and achieved $5.54 billion in sales. Blox’s Founder and CEO, Aditya Jhaveri, expressed his vision to revolutionise the Indian real estate market, emphasising that integrating Guardians will enhance the homebuying experience and establish India’s first platform that supports both D2C and B2B2C sales—a "game-changer" for reaching developers and homebuyers alike.

Jayesh Rathod, Director of Guardians, remarked that this partnership is set to redefine India’s real estate landscape, combining Guardians' market knowledge with Blox’s technology to raise standards of transparency, efficiency, and service.

(ET)

Digital real estate platform Blox has acquired an 11% stake in property brokerage firm Guardians for $12 million, with plans to increase its share to 50% over the next three years. This acquisition establishes Blox and Guardians as India's largest real estate seller, overseeing annual sales of around 25,000 homes with a consolidated gross transaction value (GTV) of $2 billion in the primary residential market, Blox stated. Blox aims to expand its GTV five-fold to $10 billion within 3-5 years. The platform supports both direct-to-consumer (D2C) and broker-led B2B2C models, allowing homebuyers to purchase properties entirely online. Founded in 2020 by Aditya Jhaveri and Shivani Karia Jhaveri, Blox combines advanced AI and broker support to streamline the real estate experience. It is backed by $35 million in funding from prominent investors such as CRED founder Kunal Shah and Tinder co-founder Justin Mateen. Guardians, founded in 2016, has launched 174 projects, sold 23,000 units, and achieved $5.54 billion in sales. Blox’s Founder and CEO, Aditya Jhaveri, expressed his vision to revolutionise the Indian real estate market, emphasising that integrating Guardians will enhance the homebuying experience and establish India’s first platform that supports both D2C and B2B2C sales—a game-changer for reaching developers and homebuyers alike. Jayesh Rathod, Director of Guardians, remarked that this partnership is set to redefine India’s real estate landscape, combining Guardians' market knowledge with Blox’s technology to raise standards of transparency, efficiency, and service. (ET)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code