You are here: Home » News-ANI » Business
Business Standard

Clicbrics raises around USD 3mn in Pre-series A Funding from Marquee Global Technology Investors

Business Finance


Clicbrics, India's leading technology platform empowering the real estate sector, announced today that it has successfully raised funding of around $3 mn from a stellar consortium of international and domestic investors led by former Tiger Management Lieutenant Manny Singh of Kavi Fund; New York, Peter Mann, Fund Manager at Gluskin Sheff, Canada along with a Senior Managing Director of one of the largest Canadian pension funds and several high profile private investors from USA and Canada.

The funds will be used to fuel Clicbrics' expansion and growth in the Indian market. Clicbrics, currently headquartered in Delhi, will continue to focus on Tier one and Tier two cities targeting the real estate markets in a bid to organize the sector.

The new investment round will enable Clicbrics to further capitalize on its position as a leader in the real estate technology industry in India. Clicbrics is a fast-growing company providing digital solutions for the real estate segment, focused on providing a transparent and satisfying experience for consumers. A digital market place for real estate, Clicbrics brings sellers and customers on a common platform and empowers decision making by enabling them to interact and maintain a complete transparent journey.

"In the last few years, technology has completely changed the way India moves from point A to B, makes payments, shops groceries and even orders food. Digitalization has managed to organize these sectors to a large extent. Real estate, on the other hand is still in its nascent stage, despite having web presence for some time. Clicbrics is an online real estate marketplace aimed to change the experience of consumers and developers alike. Real estate has tremendous opportunities in India, especially after RERA, and our unique technology platform creates a win-win situation for both buyers and sellers", said Rohit Malik, Founder and CEO, Clicbrics,

"The SaaSification of businesses is one of the most transformative secular trends in technology today, playing out globally across many different verticals. Clicbrics is the first and only company in India that is SaaSifying the real estate vertical, which is a very large and fragmented market with tremendous white space ahead. The Clicbrics team has both the real estate experience and the technical vision to win against incumbent players. By bringing brokers, customers, lenders and developers together on one secure platform, Clicbrics is effectively developing a new software ecosystem for how real estate transactions are processed in India", said Manny Singh, Founder of Kavi Asset Management and former Lieutenant at Tiger Management.

Technology is a key area of focus for Clicbrics which will enable further growth for the company. Powered by AI, the platform is capable of targeting home buyers according to their search parameters, be it size, location or budgets. The platform takes a data driven approach to select genuine homebuyers and builders. Clicbrics also enhances user experience by providing complete knowledge of the property before sales.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 14 2019. 16:39 IST