+
Brigade REAP Invests in Settlin
Real Estate

Brigade REAP Invests in Settlin

Brigade REAP, India’s first proptech accelerator, has announced an investment in Settlin, India’s first gig-based residential resale broker. This investment is part of a larger $500,000 funding round, which includes contributions from other investors.

Settlin, a rapidly growing startup in Bengaluru, has gained significant traction with its data-driven approach and gig-enabled workforce, enabling it to execute resale transactions at unmatched scale and speed. The company has already sold nearly 1000 homes with a gross transactional value of approximately Rs 900 crore, averaging the sale of three homes daily.

This success is driven by Settlin’s proprietary tech stack and app-only model, eliminating the need for traditional brokers and ensuring frictionless transactions between buyers and sellers.

Abhay Garg, Head of Brigade REAP, highlighted that this is the accelerator's third investment this year, with plans to make eight to ten investments annually in early-stage startups addressing challenges in the real estate industry. He emphasized that Settlin’s automated solution for the resale market aligns with Brigade REAP’s goal to foster innovation-led growth within India’s proptech ecosystem.

Settlin has experienced 10x growth in the past two years, revolutionizing India’s residential resale market by eliminating brokers and offering a seamless app interface for fast, automated transactions.

Brigade REAP, India’s first proptech accelerator, has announced an investment in Settlin, India’s first gig-based residential resale broker. This investment is part of a larger $500,000 funding round, which includes contributions from other investors. Settlin, a rapidly growing startup in Bengaluru, has gained significant traction with its data-driven approach and gig-enabled workforce, enabling it to execute resale transactions at unmatched scale and speed. The company has already sold nearly 1000 homes with a gross transactional value of approximately Rs 900 crore, averaging the sale of three homes daily. This success is driven by Settlin’s proprietary tech stack and app-only model, eliminating the need for traditional brokers and ensuring frictionless transactions between buyers and sellers. Abhay Garg, Head of Brigade REAP, highlighted that this is the accelerator's third investment this year, with plans to make eight to ten investments annually in early-stage startups addressing challenges in the real estate industry. He emphasized that Settlin’s automated solution for the resale market aligns with Brigade REAP’s goal to foster innovation-led growth within India’s proptech ecosystem. Settlin has experienced 10x growth in the past two years, revolutionizing India’s residential resale market by eliminating brokers and offering a seamless app interface for fast, automated transactions.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?