Bengaluru-based developer Brigade Enterprises Ltd said it will invest, alongside other developers, in Snaptrude, an intelligence-enabled 3D rapid modelling solution for real estate projects.
The announcement was made at the graduation event of its second batch of startups from its accelerator programme christened as Brigade Real Estate Accelerator Program (Brigade REAP). Eight startups have graduated from the latest batch.
Snaptrude Technologies Pvt. Ltd, which was founded by Altaf Ganihar in 2015, converts hand-drawn sketches and floor plans to 3D models instantly with materials and estimates with which one can immediately begin the work. The software solution is being sold as a subscription service, charging $20-40 per log-in.
This is the second startup the real estate firm is backing from its accelerator programme. Earlier, the company had led a $540,000 pre-Series A investment into construction site operations and analytics platform QwikSpec.
“The first cohort of REAP saw success, with three of the four graduating startups getting funded. The fourth startup is currently in the process of closing its funding. The real estate industry is opening up to tech adoption as the potential for tech to improve operational efficiency is undeniable. Our role at REAP is to ensure that the startups curated during the programme are ready to tackle pressing issues of the industry,†said Nirupa Shankar, director, Brigade REAP.
The firm evaluated over 340 startups for cohort two from which the eight startups were inducted into the programme. The startups go through a four-month mentorship and training programme before being graduated.
The REAP team is led by Shankar, who is also director of Brigade Group’s hospitality division. Another top executive at REAP is John Kuruvilla who was previously managing director of Reliance Group’s GenNext Ventures. The REAP’s mentor-in-residence is Apul Nahata who had set up GenNext Innovation Hub, the accelerator programme run by Reliance Industries Ltd.
Here are the startups that have graduated from the accelerator programme, in addition to Snaptrude.
Aap Ka Painter: It is an online curated service delivery marketplace for house painting and related services.
CRE Matrix: The startup offers a data analytics platform that provides information on lease and sale transactions, rental and absorption projections, asset level reports, micro-market analysis and asset valuation for commercial real estate.
DesignSense: A cloud-based collaboration platform, DesignSense helps real estate companies become Real Estate and Regulation Act (RERA) compliant by connecting project management, location and engineering data with various stakeholders and customers, enabling seamless flow of information between them.
Natura: It is an urban plantscaping company that helps create easy-to-maintain green spaces resulting in breathing environments with reduced energy and construction costs.
Props {AMC}: It is a real estate insights and asset monitoring platform. It’s a subscription-based enterprise solution targets individuals, companies, institutions and trusts owning real estate in form of ‘immovable properties’ and ‘securities’. It will allow subscribers to record, manage, verify, value, leverage and showcase their real estate portfolio.
Soukwagon.com: It is a one-stop B2B procurement marketplace for food and beverage businesses that helps HORECA (Hotel, Restaurant, Catering) industry in sourcing and procurement by listing products with negotiated B2B prices on their platform.
ZeeSense: The startup uses wireless sensors and sensor network technology to develop products and solutions targeting security, safety, automation, care and lifestyle needs of high-end home owners, gated communities and enterprises.