Jugyah Raises $1.5 Million in Funding Round Led by White Venture Capital and QED Investors
Online real estate broker Jugyah has emerged from stealth mode, announcing a successful $1.5 million funding round led by White Venture Capital, QED Investors, and Godrej Properties. The round also included participation from Whiteboard Capital, Singularity Ventures, and angel investors such as Kunal Shah (Cred), Harsh Jain (Dream11), and Ramakant Sharma (Livspace).
The newly acquired funds will be used to expand Jugyah’s presence across the Mumbai metropolitan region, particularly targeting high-demand localities. The company aims to solidify its market share before extending operations to other cities within the state.
Founded in 2023 by Arshad Balwa and Ansuman Mohanty, Jugyah operates as a real estate brokerage with an in-house mortgage origination arm. The company’s business model is similar to that of Loft and Quinto Andar in Brazil and Redfin in the USA. Jugyah offers a full-stack, vertically integrated, managed marketplace with 100% verified listings. The platform provides high-quality photos and 360-degree virtual tours, enabling tenants and buyers to schedule visits directly through the website.
In addition to its online offerings, Jugyah has established offline experience centers in South and Navi Mumbai. These centers allow buyers, sellers, and tenants to receive personalized service from Jugyah’s agents.
“Our vision is to transform the real estate market by providing a seamless and transparent experience for our users,” said co-founder Arshad Balwa. “With this new funding, we are poised to expand our reach and enhance our services, making property transactions more efficient and trustworthy.”
Jugyah’s innovative approach and the backing of prominent investors position it for rapid growth in the competitive real estate market, aiming to set new standards for customer service and reliability in property transactions.
