Flipkart's Co-Founders Sachin Bansal and Binny Bansal, along with some others investors, have invested $3,50,000 in real estate start-up, Plabro Networks.
Flipkart's Co-Founders Sachin Bansal and Binny Bansal, along with some others investors, have invested $3,50,000 in real estate start-up, Plabro Networks. The Gurgaon-based start-up has recently launched a mobile application, Plabro to connect property brokers and help them in closing the deals quickly. As of now, the app has been launched in Gurgaon and Noida and the company has plans to take this platform to other cities.
“In first round of funding, we have raised $3,50,000 (about Rs 2.3 crore) from a clutch of investors including Flipkart Co-Founders Sachin Bansal and Binny Bansal,” said Pankaj Garg, Co-Founder, Plabro Networks. Flipkart Co-Founders have invested in their personal capacity, he added. The funds would be used to create a stronger networking ecosystem and expansion.
“Plabro Networks has the promise of changing the real estate landscape with its innovative ideas. I am sure that real estate agents, who are inherent stakeholders in the real estate sector, will benefit tremendously from the application,” said Binny Bansal and Sachin Bansal.
Plabro's Co-Founder, Aaditya Jain said that the free mobile app was currently being used by about 3,000 brokers in Gurgaon and Noida. “By sharing the inventories and requirements with other real estate brokers, one increases the reach manifolds. This helps in closing the deals faster, expanding the business horizon beyond geographical limitations,” he said. Jain said that the company was in the process of adding data analytics and business insights that will support the knowledge base of customers.
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