Jugyah Emerges from Stealth, Secures $1.5 Million in Funding

Jugyah, a Mumbai-based online real estate brokerage platform, has officially stepped out of stealth mode and secured $1.5 million in its first funding round. The round was led by White Venture Capital, QED Investors, and Godrej Properties, with additional participation from Whiteboard Capital, Singularity Ventures, and prominent angel investors like Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace).

Fueling Expansion and Market Share Growth

Jugyah intends to leverage the funding to expand its footprint across the Mumbai Metropolitan Region. The company’s primary focus will be on establishing a strong presence in high-demand localities within the region before venturing into other cities across the state. This strategic approach aims to solidify Jugyah’s position in the Mumbai market and capture a significant share of the online real estate brokerage space.

Following a Proven Model with Local Twists

Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah draws inspiration from established real estate brokerage models like Loft and Quinto Andar in Brazil and Redfin in the USA. Similar to these platforms, Jugyah offers a comprehensive online marketplace with a unique twist – an in-house mortgage origination arm. This integrated approach streamlines the process for buyers, potentially simplifying property acquisition.

A Fully-Loaded Platform with Offline Support

Jugyah emphasizes transparency and trust by offering a “full-stack” platform with 100% verified listings. Their team takes professional photographs and creates 360-degree virtual tours, allowing potential tenants and buyers to virtually explore properties before scheduling visits directly through the website. Recognizing the value of human interaction, Jugyah has established experience centers in South and Navi Mumbai. These physical locations provide buyers, sellers, and tenants with the opportunity to connect with Jugyah’s agents and receive personalized service.