HDFC Capital Advisors-backed property tech program gets 400 proposals

HDFC Capital Advisors-backed Real Estate Technology Innovation Program has received over 400 proposals from property technology start-ups seeking investment and hand-holding.

HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors at the first close of its property technology fund. It would invest a part of this fund in companies participating in this program, said Vipul Roongta, MD & CEO of HDFC Capital.

The work on screening for proposals and shortlisting may end by the middle of next month. While the private equity player had indicated funding to at least three investment-worthy