Property technology focussed accelerator programme Brigade REAP on Tuesday said it has chosen five startups as part of its ninth cohort.
The startups were picked from 122 applicants and eight finalists that participated in two jury rounds. Participants were evaluated based on 10 criteria including innovation, relevance to the industry, magnitude of the problem being addressed and pedigree of the founding team,according to a statement.
Launched in 2016, Brigade Real Estate Accelerator Programme follows an 18 week cycle. It has so far mentored 33 startups.
“In the past, startups have seen an increase of over 150% YoY growth in revenue, 42% of the startups have raised funding within 12 months of graduating with the real estate industry being actively involved in not just giving business but also investing in many of these startups. Once the onboarded startup’s progress has been demonstrated, stakeholders clearly identified, business plan firmed up and customer and investor pitches ready, Brigade REAP enables access to customers for potential investors for fundraise,” Nirupa Shankar, director at Brigade REAP said.
In July last year, four Brigade REAP-incubated proptech startups raised fresh funds.
The final five startups are:
Angirus: Udaipur-based Angirus was founded in 2018 by Kunjpreet Arora. The company makes building materials from different types of municipal solid wastes.
MetroGuild: Headquartered in San Jose, California, MetroGuild was founded by Arif Amirani. The startup converts flat buyers to customers through hyper-personalised relationship building marketing and sales.
GoFloaters: Chennai-based GoFloaters was founded in 2017 by Srivatsan Padmanabhan. The startup enables individuals and teams to work from anywhere through its network of on demand work spaces and ‘pay as you use’ model.
Strawcture: New Delhi-based Strawcture was founded in 2018 by Shriti Pandey. It is a green building material company commercialising 100% sustainable products by compressed agri-fibre technology.
Vision Earthcare: Mumbai-based Vision Earthcare was founded in 2004. It provides services to waste water recycling plants using CAMUS-SBT technology which is licensed from IIT Bombay.