Jugyah raises $1.5 Mn led by White Venture Capital, QED and others

Online real estate broker Jugyah has come out from stealth and has raised $1.5 million in a funding round led by White Venture Capital,  QED Investors and Godrej Properties. 

The round also saw participation from Whiteboard Capital, Singularity Ventures and angels including Kunal Shah (Cred), Harsh Jain (Dream11) and Ramakant Sharma (Livspace). 

The proceeds will be used to expand across the Mumbai metropolitan region and ramp up market share in particular, high demand localities before expanding to other cities in the state.

Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah is a real estate brokerage, with an in-house mortgage origination arm, similar to Loft and Quinto Andar in Brazil and Redfin in the USA.

Jugyah claims to have a full stack, vertically integrated, managed marketplace with 100% verified listings. The team takes photos and 360 virtual tours, allowing tenants and buyers to schedule visits directly on the website. 

The firm also has offline experience centers  in South and Navi Mumbai, where buyers, sellers, and tenants can walk in and be serviced by Jugyah’s agents.