Brigade REAP startup accelerator arm from the house of Brigade Group has come up with some big plans for the future. It aims to invest in six to eight PropTech startups every year to transform the real estate sector in India. The accelerator intends to invest between $100,000 and $200,000 per startup and this is a strong gesture of commitment to growing innovative businesses in the real estate tech space.

Brigade REAP made a notable move lately by investing $500,000 in gig-based startup Settlin that deals in the real estate market. Settlin was founded in 2016 and since then has been revolutionizing the buy and sell of residential properties. It has wiped away the involvement of traditional brokers by streamlining the entire process of property resale.

The success of Settlin speaks for itself as it has sold more than 1,000 homes and is equipped with a gross transactional value of around ₹900 crore. Settlin had earlier raised $1 million in a pre-Series A round and this proves that investors are beginning to take notice of the potential within the real estate tech space.

The move by Brigade REAP is significant as the real estate market in India has been slow to adopt technology. Startups like Settlin are helping to change that.

The plan of Brigade REAP is to support six to eight startups each year and this could play an important role in pushing India’s PropTech industry forward. As more startups emerge with innovative solutions, the real estate market will become more streamlined, transparent, and efficient. With its strategic investments, Brigade REAP could very well be leading the way in this exciting new phase of real estate technology.