Angel Investments
Proptech co Homesfy Realty raises $1.1 M; files papers for SME IPO
Mumbai-based Proptech firm Homesfy Realty has raised USD 1.1 million (about INR 8.97 crore)p from Girish Gulati, Dnyanesh Bhatavadekar, Neha Idnany, Yogesh Bagaria, and Amit Bagaria. The firm has also filed its draft paper to launch an Initial Public Offer (IPO). Homesfy Realty provides real estate broking services for residential and commercial space. It has an operational presence in Pune, Bengaluru, and Delhi-NCR. The company runs two platforms Homesfy.in and MyMagnet.io. Recently, the company has filed the Draft Red Herring Prospectus (DRHP) for its SME IPO with NSE Emerge. The proceeds from the proposed IPO will be used for working capital, general corporate purpose, and organic growth. The public offer comprises an issue of up to 8,05,200 equity shares.
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