PropertyPistol raises Rs.45-Cr from ICICI Bank, Baring India

Mumbai-based proptech startup PropertyPistol has raised INR 45 crore in a Series A funding round led by ICICI Bank and Baring Private Equity Partners India. Founded in 2012 by IIT alumni, the company offers proptech solutions and advisory services to home buyers, real estate brokers and developers. The funds will be used to expand the firm's leadership team across business functions and augment presence in India and abroad. The company plans to develop new products and strengthen core verticals, such as the syndicate broker platform and project mandates.