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Proptech startup POPT raises funds at a valuation of $2 mn from Canada-based MRW Ventures & Riar Holdings before launch

POPT

New Delhi, February 3, 2022: Homegrown proptech startup POPT has raised funds at a pre seed valuation of $2 mn from two Canada-based angel investors—MRW Ventures & Riar Holdings. Seven other Indian angel investors also participated in the initial round of funding. Founded by Manpreet Singh in December 2021, this Chandigarh-based company brings in the tech solutions in the real estate sector to help buyers, investors find the right property and is also aligning and graduating the perspective of sellers, promoters and the buyers. POPT focuses on standardization, indexing, positioning and valuation of a property on the basis of quantification of lifestyle, luxury and experiential factors.

The company will use its initial funds for research & development activities, statistical
analysis, standardization, and to build a full stack SAAS-based IT solution for retail buyers
and sellers, developers, agents and real estate companies. Additionally, the existing features
like listing, filtering and searching, marketplace, and related sector services will be included
with better look and feel.

“After extensive research we have figured out that the new generation of real estate buyers have a global perspective and are willing to go ahead and even flip their current residences if they can find the right fit.  For them, POPT is making online property search easy, personalized and hassle-free by bringing a high level of comfort and ease to all stakeholders in the real estate sector. We are really grateful towards the investors for showing their confidence in us.,”  said Manpreet Singh – Co-Founder & Managing Director – POPTSCAN Realty Private Limited.

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