News
Black Opal Raises $3 M from SBI, HDFC Bk, Launches JustHomz.com Prop Fintech Platform
January 30, 2024: Black Opal Group, led by banking veteran Prasoon Chauhan and COO Ishan Agarwal, successfully acquired $3 million from SBI and HDFC Bank, among other investors. The funding will be utilized to enhance services and expand the team at JustHomz.com, says a press release issued by the company.
Black Opal Group operates through its Asset Management vertical, an RBI-registered NBFC, and the integrated technology platform JustHomz.com. The tech-enabled platform focuses on improving the home buying experience by prioritizing customer privacy, providing a user-friendly map interface, easy access to property documents, and introducing a unique scoring algorithm called Just Scorz. The app evaluates properties on 85+ technical parameters, offering a comprehensive assessment of each project. The platform also integrates multiple financing products such as home equity, renovation financing, and early brokerage.
Currently operational in the NCR region, the JustHomz app has registered 5000+ customers, 250+ verified channel partners, and 240+ verified projects. The company now aims to onboard over 100,000 customers and achieve $3-5 million in loan disbursements through the app in the next 3-6 months.
Prasoon Chauhan, the Founder and CEO of Black Opal Group said, “We deeply felt the need for a solid integrated ecosystem—a one-stop platform for every Indian aspiring to buy a dream home. We aim to provide them with the right information, easy access to customizable capital solutions, and a seamless buying and selling experience”.
Black Opal Group has made over $4.5 million in revenue and earned $1.75 million in profit after taxes so far. Through its platform, it has processed transactions worth over $200 million in real estate projects and distributed $6 million from the NBFC.
-
News4 weeks ago
KW Delhi 6 Mall Onboards New Brands
-
News4 weeks ago
Manasum Senior Living Launches IKIGAI GOA, A Senior Living Community in North Goa, in collaboration with Prescon Homes
-
News4 weeks ago
Commercial Realty Gets Tech Savvy: Fast Construction, Enhanced Convenience
-
News3 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News3 weeks ago
RBI’s Status Quo on Key Policy Rates to Help Maintain the Real Estate Growth Momentum, Say Industry Stalwarts
-
News2 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News1 week ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY