Clicbrics, a technology platform empowering the real estate sector, announced on Tuesday that it has successfully raised funding 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 alongwith a senior managing director of Canadian pension funds and several high profile private investors from USA and Canada.
The funds will be used to fuel the company’s expansion and growth in the Indian market. It will continue to focus on tier 1 and tier 2 cities targeting the real estate markets in a bid to organise the sector.
Announcing the deal, Rohit Malik, founder and CEO of the firm said, “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. Digitalisation has managed to organise 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 technology platform creates a win-win situation for both buyers and sellers.”