$1.5 million raised by Proptech startup Jugyah in funding

12 Jul 2024 CW Team

With the new funds, the Mumbai-based company plans to expand its reach within the Mumbai Metropolitan Region and increase its market share. Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah is a real estate brokerage platform that connects property buyers and tenants with sellers and landlords. The platform also offers additional services, including an in-house mortgage origination arm that provides financing options for its users.

Balwa, the cofounder of Jugyah, explained that to truly address the problems faced by home buyers and renters, they had to redesign the entire home sale and rental value chain from scratch. He noted that existing listing platforms are very superficial and only address the search and discovery process. The subsequent steps, such as visits, negotiations, transactions, and post-move-in experiences, remain offline and unstandardized. By integrating all five steps through a digital platform with a physical experience center and embedding a fintech layer to remove nuisances and add features such as legal assistance and loan financing, they realized they could create an affordable, 10x improved, phygitally enabled method of finding a home. The goal is to standardize real estate brokerage rather than offering it as a variable quality service.

On the Jugyah platform, all tenants must undergo an e-KYC procedure and credit assessment, helping landlords select credit-verified tenants for their properties. Buyers benefit from free seepage warranties, free legal support, and zero-commission mortgage pre-approval. Jugyah has established offline experience centers across South Mumbai and Navi Mumbai, where buyers, sellers, tenants, and landlords can receive assistance from Jugyah?s agents.

The company claims to be growing at over 50% month-over-month and expects to be cash-flow positive by the end of this year. Additionally, Jugyah noted that the size of the long-term rental and resale market in India is estimated to reach $300 billion by 2026, with the brokerage and property management market expected to hit $20 billion by the same year.

Sandeep Patil, head of Asia at QED Investors, expressed excitement about Jugyah?s vision to comprehensively solve the challenges faced by buyers, renters, landlords, and agents in today?s marketplace. He highlighted that Arshad and Ansuman bring insights, networks, and energy that can truly make a difference in the everyday lives of middle-class Indians in growing metropolises. He is eager to see what they will build.

Jugyah's major competitors include Nobroker, Property Guru, and Housing, among others.

Proptech startup Jugyah has raised $1.5 million in a funding round led by White Venture Capital, QED Investors, and Godrej Properties. The round also included participation from Whiteboard Capital, Singularity Ventures, and angel investors such as Cred founder Kunal Shah, Harsh Jain of Dream Sports, and Ramakant Sharma of Livspace. With the new funds, the Mumbai-based company plans to expand its reach within the Mumbai Metropolitan Region and increase its market share. Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah is a real estate brokerage platform that connects property buyers and tenants with sellers and landlords. The platform also offers additional services, including an in-house mortgage origination arm that provides financing options for its users. Balwa, the cofounder of Jugyah, explained that to truly address the problems faced by home buyers and renters, they had to redesign the entire home sale and rental value chain from scratch. He noted that existing listing platforms are very superficial and only address the search and discovery process. The subsequent steps, such as visits, negotiations, transactions, and post-move-in experiences, remain offline and unstandardized. By integrating all five steps through a digital platform with a physical experience center and embedding a fintech layer to remove nuisances and add features such as legal assistance and loan financing, they realized they could create an affordable, 10x improved, phygitally enabled method of finding a home. The goal is to standardize real estate brokerage rather than offering it as a variable quality service. On the Jugyah platform, all tenants must undergo an e-KYC procedure and credit assessment, helping landlords select credit-verified tenants for their properties. Buyers benefit from free seepage warranties, free legal support, and zero-commission mortgage pre-approval. Jugyah has established offline experience centers across South Mumbai and Navi Mumbai, where buyers, sellers, tenants, and landlords can receive assistance from Jugyah?s agents. The company claims to be growing at over 50% month-over-month and expects to be cash-flow positive by the end of this year. Additionally, Jugyah noted that the size of the long-term rental and resale market in India is estimated to reach $300 billion by 2026, with the brokerage and property management market expected to hit $20 billion by the same year. Sandeep Patil, head of Asia at QED Investors, expressed excitement about Jugyah?s vision to comprehensively solve the challenges faced by buyers, renters, landlords, and agents in today?s marketplace. He highlighted that Arshad and Ansuman bring insights, networks, and energy that can truly make a difference in the everyday lives of middle-class Indians in growing metropolises. He is eager to see what they will build. Jugyah's major competitors include Nobroker, Property Guru, and Housing, among others.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Infrastructure Urban

13 Mar 2026

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Infrastructure Urban

13 Mar 2026

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..