Plabro Networks Pvt. Ltd., an exclusive commercial networking platform for real estate agents, have raised $350,000 from Flipkart co-founders Sachin Bansal & Binny Bansal, early stage investments firms Sol Primero & Outbox Ventures and angel investor Sangram Singh. This is the first round of funding for the company.
The newest real estate start-up in the country operates through a mobile application called Plabro that acts as a connectivity platform for real estate brokers, property agents and dealers, thereby enabling them to crack deals efficiently and quickly. The seamless networking between real estate intermediaries also helps real estate developers since there is a faster off-take of inventory and end users as they are able to choose from a wider pool of properties.
The company will use the funds to create a stronger networking ecosystem and widen footprint across the country. Plabro Networks is also planning to add data analytics as a key feature on the application to arm the agents with insights into the property market.
Plabro Networks’ Co-founder Pankaj Garg said, “We are thankful to our investors for their faith in our idea. We plan to cover all metros and major cities in India within the next one year. These funds will give a fillip to our plan to grow geographically and strengthen our infrastructure.”
Aaditya Jain, Co-Founder, Plabro Networks elaborated, “Our mobile application has generated the desired interest in the market and we are going to add new features very soon to give a seamless user experience. We are also in the process of adding data analytics and business insights that will support the knowledge base of customers.”
Binny Bansal and Sachin Bansal, Co-Founders of e-commerce portal Flipkart expressed hope of a better future for real estate with Plabro coming into the picture. “Plabro Networks has the promise of changing the real estate landscape with its innovative ideas. I am sure that real estate agents, who are an inherent stakeholder in the real estate sector, will benefit tremendously from the application.”
Shweta Singh, Co-Founder & Managing Partner of Sol Primero said, “Our prime focus is on supporting emerging businesses that have the potential to scale up quickly. Plabro has tremendous scope of becoming a big innovator in the age of start-ups.”
Sharing his confidence in Plabro, myspinny.com Founder Niraj Singh who is one of Founding Partners at OutBox Ventures said, “Plabro is doing something that nobody has thought of so far i.e. organizing the real estate brokerage business. We are sure that company will add value to the real estate industry through its application, features and services.”
