Proptech firm Blox to buy controlling stake in rival Justo

Mumbai-headquartered, artificial intelligence-powered proptech company Blox is to acquire a controlling stake in Justo, also based in Mumbai, at an enterprise value of INR 350 crore, in a cash and stock transaction. Justo is a mandate brokerage firm with presence across Maharashtra. Both the companies currently have annual mandate businesses of around INR 3,500 crore each.