About Bric Spaces
Bric Spaces is a Real Estate & Construction company based in Bengaluru (India) founded in 2019 by Bharat Kapoor and Madhusudhan AV. Online residential and commercial brokerage platform for real estate professionals. Bric Spaces has raised $614.76 thousand across 3 funding rounds from investors including Vishal WA, Shanmugam Krishnasamy and Bharat Kapoor. The company has 2 employees. Bric Spaces was last valued at $3.62 million in March 2022. Its chief executive, as recorded, is Madhusudhan AV. Its Indian entity Bricspaces Private Limited reported revenue of ₹3.4 Lakh. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, Online Brokers and Consumer. Its competitors include Square Yards, PropTiger and Blox; 3 of its 3 listed competitors have raised funding.
Company details
Bric Spaces was founded in 2019 in Bengaluru, India, within the real estate sector. An online platform for residential and commercial brokerage is maintained for real estate professionals. Operations include property discovery, matchmaking, and transaction finalization across land, residential, industrial, and commercial properties, as well as warehouses and interior design solutions. Services are facilitated digitally to support professional workflows in the Indian market.
- Headquarters Bengaluru, India
- Employees 2
- Founders Bharat Kapoor, Madhusudhan AV
- Stage Minicorn
- SectorsReal Estate & Construction
- Website bricspaces.com
- Social LinkedIn X Facebook
- Legal Name Bricspaces Private Limited
- Date of Incorporation 04 Jun, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹3.4 Lakh
FY 2024 · -91% YoY
- Net Loss-₹3.6 Lakh
FY 2024 · -107% margin
- EBITDA-₹2.9 Lakh
FY 2024 · -85% margin
- Total Equity Funding$614.76K (USD)
in 3 rounds
- Latest Funding Round$32.43K (USD), Angel Round
Mar 2022
- Employee Count2
Associated legal entities of Bric Spaces
Bric Spaces operates through Bricspaces Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bricspaces Private Limited CIN U74990KA2019PTC124936 | Active | 04 Jun 2019 | Bengaluru, Karnataka | ₹0.0 Cr | 2 | 2 | View details |
Funding Insights of Bric Spaces
Bric Spaces has successfully raised a total of $614.76K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $32.43 thousand completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $614,761
- Total Rounds 3
- Last Round Angel Round — $32,429
- First Round $232,332
(Mar 2020)
- Investors Count 4
All 3 funding rounds of Bric Spaces with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2022 | $32,429 | Angel Round | $3.62M | Vishal WA | – |
| May 2021 | $350,000 | Seed | – | Shanmugam Krishnasamy, Bharat Kapoor | – |
| Mar 2020 | $232,332 | Angel Round | $3.76M | Shanmugam Krishnasamy |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2022 | $3.62M | •••••••• |
| Mar 2020 | $3.76M | •••••••• |
Last known valuation $3.62M (Mar 2022). 4 investors in total: 0 institutional and 4 angel.
Investors in Bric Spaces
Bric Spaces has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Vishal WA, Shanmugam Krishnasamy and Bharat Kapoor.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VW Vishal WA | unknown_049b8480624c4de28 | |||
SK Shanmugam Krishnasamy | Co-founder of Freshworks, active angel investor in Indian startups | unknown_73804a060a0043d29 | ||
BK Bharat Kapoor | Angel investor and entrepreneur, focused on tech startups in India. | unknown_1b4ffc39625f4bc7a | ||
SC Srinivas Chitturi | Angel investor and entrepreneur, founder of Srinivasa Farms, focused on agritech | unknown_68ee36291fe143e9a |
Investor details for Bric Spaces
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Bricspaces Private Limited (Bric Spaces)
Bricspaces Private Limited is the primary company behind Bric Spaces. The board of Bricspaces Private Limited currently have 2 directors; the longest-serving is Agrahara Venkatesh Madhusudhan, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Agrahara Venkatesh Madhusudhan DIN 07238271 | Managing Director | 04 Jun 2019 | 7 yrs 5 mo | Bricspaces Private Limited |
| Bharat Kapoor DIN 03296265 | Director | 04 Jun 2019 | 7 yrs 5 mo | Bricspaces Private Limited |
People of Bric Spaces
4 people are tracked at Bric Spaces (2 in leadership, 2 in team); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Madhusudhan AV | Co-Founder & CEO | Leadership |
Nishad Basha | Sales Manager | Team |
Tulasi K | Account Manager | Team |
Complete people profiles for Bric Spaces
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Bric Spaces
Figures of Bricspaces Private Limited, the primary company behind Bric Spaces, for FY 2024. Revenue was ₹3.4 Lakh (-91% year on year). Net loss was -₹3.6 Lakh (-107% margin). EBITDA was -₹2.9 Lakh (-85% margin). Revenue has grown at a compounded annual rate of -69% over three years.
- ₹3.4 LakhRevenue · FY 2024 · -91% YoY
- -₹3.6 LakhNet loss · -107% margin
- -₹2.9 LakhEBITDA · -85% margin
- ₹1.1 LakhPaid-up capital
- 2Employees (provident fund records)
- -69%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Bricspaces Private Limited are on its company page.
Detailed financial statements for Bric Spaces
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Bric Spaces
4 dated milestones of Bric Spaces across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Bric Spaces is founded.
- Funding First funding round of $232K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Angel Round, of $32K.
Competitors of Bric Spaces
Bric Spaces has 3 listed competitors in our database, 3 of them funded. They include Square Yards, PropTiger and Blox.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| squareyards.com | 2014 | Gurugram, India | $97.98M | 7,343 | Technology platform for real estate transactions and mortgages is provided. | |
| proptiger.com | 2011 | Gurugram, India | $99M | 429 | A platform for residential property buying is facilitated by PropTiger. | |
| blox.xyz | 2020 | Mumbai, India | $14M | 151 | Platform for residential property discovery and sales is operated. |
Detailed competitors of Bric Spaces
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Top companies in Real Estate Technology Platforms
3 companies that operate in the same segment as Bric Spaces (Real Estate Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 86.54 M | 1,142 | |
A platform for residential property buying is facilitated by PropTiger. | 2011 | Gurugram, Haryana, India | USD 99 M |
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Related news about Bric Spaces
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Frequently Asked Questions about Bric Spaces
Bric Spaces was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Bric Spaces is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Madhusudhan AV is the CEO of Bric Spaces, as recorded in our data. They have also founded this company.
Bric Spaces is a funded company, having raised a total of $614.76K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $232.33K, raised on Mar 2020.
Bric Spaces has 2 employees.
The primary company behind Bric Spaces, Bricspaces Private Limited, reported revenue of ₹3.4 Lakh for FY 2024, down 91% year on year.
Bric Spaces was founded in 2019 in Bengaluru, India, within the real estate sector. An online platform for residential and commercial brokerage is maintained for real estate professionals. Operations include property discovery, matchmaking, and transaction finalization across land, residential, industrial, and commercial properties, as well as warehouses and interior design solutions. Services are facilitated digitally to support professional workflows in the Indian market.
Bric Spaces's top competitors include Square Yards, PropTiger and Blox.
Bric Spaces has 4 investors. Key investors include Vishal WA, Shanmugam Krishnasamy, Bharat Kapoor, and Srinivas Chitturi.
The valuation of Bric Spaces is $3.62M as of Mar 2022.
Bric Spaces operates through Bricspaces Private Limited.
The legal entities of Bric Spaces currently have 2 directors, including Agrahara Venkatesh Madhusudhan, Bharat Kapoor.