Proptech startup PropertyPistol has raised $2.7 Mn (INR 25 Cr) in a Pre-Series B funding round led by investor Ashish Kacholia. Existing investors also participated in the round.
The company plans to use the fresh capital to expand its footprint in the UAE, with a near-term focus on Dubai. Earlier this month, PropertyPistol announced an AED 10 Mn (~INR 25 Lakh) investment to scale its operations in the region. Over the past three years, the startup claims to have facilitated real estate transactions worth INR 3,000 Cr in the UAE market.
Alongside its UAE expansion, PropertyPistol will deploy a portion of the funds to strengthen its presence in the Delhi-NCR real estate market. The company aims to deepen market penetration while improving operational efficiency in the region.
At the same time, the startup plans to enhance its technology stack and scale its syndication-led distribution network. These efforts are intended to improve engagement across customers, developers, and channel partners.
“Dubai continues to dominate global property investments while NCR represents India’s
strongest demand engine; therefore, strengthening both markets forms the backbone of our growth architecture,” PropertyPistol’s founder Ashish Narain Agarwal said.
Founded in 2012 by Ashish Narain Agarwal, PropertyPistol connects builders, brokers, and buyers across residential and commercial real estate for advisory and sales services.
Initially focused on simplifying property transactions through technology, the company has since evolved into a full-stack real estate services platform. It has expanded its product offerings to include analytics-led insights and customer relationship tools. In addition, the startup has introduced new technology integrations aimed at streamlining property transactions and improving user experience.
PropertyPistol currently operates in more than 30 Indian cities. It also runs a dedicated Dubai desk that supports Indian buyers looking to invest in the UAE real estate market through cross-border advisory services.
The company claims to have facilitated the sale of over 32,000 residential and commercial properties over the last decade. These transactions, it says, amount to a cumulative value of $4 Bn (INR 25,000 Cr) and involve partnerships with more than 400 builders. Since inception, PropertyPistol reports a client base of over 5.5 Lakh users.
PropertyPistol last raised INR 45 Cr in a Series A round in 2023. The round saw participation from ICICI Bank, Barings Private Equity, CarDekho founder Amit Jain, and Ashish Kacholia.
In India’s proptech landscape, the startup competes with platforms such as NoBroker and CommonFloor. Investor activity in the sector has remained consistent in recent months, with several funding announcements across real estate technology companies.
Recently, Truva raised INR 78 Cr ($8.6 Mn) to expand its operations and strengthen its technology platform. Similarly, HouseEazy announced a INR 150 Cr ($16.9 Mn) fundraise to scale beyond Bengaluru into other metro markets.
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