BricSpaces
BricSpaces | Real Estate Transactions Tech Engine | Real Estate Transactions Simplified.
| Date | Investors | Amount | Round |
|---|---|---|---|
$350k | Seed | ||
| Total Funding | 000k | ||
BricSpaces, founded in 2019 by Bharat Kapoor and Madhusudhan AV, is a prop-tech company headquartered in Bengaluru, India, that is reshaping the real estate landscape. Madhusudhan AV, the company's CEO, and co-founder Bharat Kapoor established the firm to address the fragmented and unorganized nature of the Indian real estate sector. The company was incubated by Embassy-backed WeWorkLabs, a significant milestone that highlights its early potential.
The firm operates an online brokerage platform for both residential and commercial properties, designed to serve real estate professionals and individual clients. Its business model focuses on digitizing the end-to-end real estate process, from property discovery and matchmaking to the finalization of transactions. BricSpaces targets a broad market, including land, residential and industrial properties, commercial spaces, and warehouses. The company aims to simplify the often-complex transaction process by offering a single, cloud-based platform that manages everything from legal clearances and contract reviews to negotiations and payments. This approach is particularly appealing to millennials, who value transparency and efficiency in asset acquisition.
The platform provides a comprehensive dashboard for transaction management, which digitizes backend operations and streamlines day-to-day real estate management. For property developers, BricSpaces offers outsourced sales and marketing solutions to help them increase their cash flow and profitability. This is facilitated through a network of over 1,000 channel partners in major metropolitan areas. BricSpaces has demonstrated significant traction, closing over Rs 40 crore in transactions within its first year of operation. The company has successfully raised $615K in funding over three rounds, with its latest angel round in March 2022. Notable investors include Shan Krishnasamy, co-founder of Freshworks, and serial tech investor Bharat Kapoor of 50k Ventures.
Keywords: prop-tech, real estate brokerage, digital real estate, property management, real estate transactions, online brokerage platform, commercial real estate, residential real estate, real estate technology, BricSpaces, Madhusudhan AV, Bharat Kapoor, WeWorkLabs, real estate investment, property discovery, real estate finalization, transaction management, brokerage platform, Indian real estate, Bengaluru startup