Sachin And Binny Bansal Of Flipkart Invest In Plabro Networks
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Sol Primero, Outbox Ventures and angel investor Sangram Singh are others who along with Bansals invest $350,000 in the platform
Privately-held Plabro Networks, a commercial networking platform for real estate agents, raised $350,000 from ecommerce giant Flipkart co-founders Sachin Bansal and Binny Bansal and early stage investment firms Sol Primero, Outbox Ventures and angel investor Sangram Singh.
This is the first round of funding for the Gurgaon-based startup, which allows real estate brokers, property agents and dealers to share information related to their business on the platform thereby enabling consumers to crack deals efficiently and quickly. The funds raised will help Plabro expand its operations across diverse cities in the country. Currently, it is present in the National Capital Region.
The newest real estate start-up in the country operates through a mobile application called Plabro that acts as a connectivity platform between real estate intermediaries and end users. 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, “These funds will give a fillip to our plan to grow geographically and strengthen our infrastructure.”
The investment by Flipkart founders definitely signals the growing faith in the country’s startup community. Both Sachin and Binny Bansal, co-founders of India’s largest e-commerce platform Flipkart.com, graduated from IIT-Delhi in computer science and engineering. Of late, they have been funding a host of startups n their personal capacity.
Sol Primero, incorporated in 2014, is an early stage investment firm that focuses on high growth and emerging businesses, while Outbox Ventures is a Delhi based investment firm specializing in seed funding. Sangram Singh, on the other hand, is the founder of Ultra Drugs Pvt Ltd, a $10 million, fast growing pharma and technology setup. He is an angel investor who believes that it’s the teams we build that win.