About PropVR
PropVR is a company based in Chennai (India) founded in 2016 by Sunder Jagannathan and Srinath Kandala was acquired by Square Yards in August 2022.. PropVR has raised $33.83 thousand across 2 funding rounds from investors including Square Yards and Dtec. PropVR offers products and services including PropVR - 360 Lite, PropVR - Metaverse, PropVR - Sales Tool, Digital Twin Solutions, and VR/AR Solutions. PropVR operates in a competitive market with competitors including iStaging, Spacely, Foyr, SmartVizX and Floored, among others.
- Headquarter Chennai, India
- Founders Sunder Jagannathan, Srinath Kandala
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.83 K (USD)
in 2 rounds
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Latest Funding Round
$16.6 K (USD), Seed
Mar 11, 2021
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Investors
Square Yards
& 1 more
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Employee Count
Employee Count
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Acquired by
Square Yards
(Aug 19, 2022)
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Products & Services of PropVR
PropVR offers a comprehensive portfolio of products and services, including PropVR - 360 Lite, PropVR - Metaverse, PropVR - Sales Tool, Digital Twin Solutions, and VR/AR Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables virtual property tours with 3D engagement for real estate.
Offers 3D experiences for property visualization and client interactions.
Facilitates project showcasing and customer insights for developers.
Provides 3D visualization for urban planning and building management.
Delivers immersive tours for informed real estate decision-making.
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Leadership Team
2 people
Unreal Team
1 people
Product Management Team
1 people
Associate Team
1 people
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Funding Insights of PropVR
PropVR has successfully raised a total of $33.83K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $16.6 thousand completed in March 2021. 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 Total Funding
- Total Rounds 2
- Last Round Seed — $16,601
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First Round
First Round
(20 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2021 | Amount | Seed - PropVR | Valuation | Dtec |
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| Dec, 2018 | Amount | Seed - PropVR | Valuation | Dtec |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PropVR
PropVR has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Square Yards and Dtec. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are incubated and funded by Dtec across multiple sectors.
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Founded Year | Domain | Location | |
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Technology platform for real estate transactions and mortgages is provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PropVR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PropVR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Propvr Comparisons
Competitors of PropVR
PropVR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iStaging, Spacely, Foyr, SmartVizX and Floored, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Augmented and virtual reality platforms are built online for businesses.
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| domain | founded_year | HQ Location |
Developer of AI-enbaled virtual reality solutions for real estate and construction projects
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| domain | founded_year | HQ Location |
Provider of cloud-based interior design software platform
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| domain | founded_year | HQ Location |
VR-based interactive environments are created for unbuilt business spaces.
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| domain | founded_year | HQ Location |
Interactive 3D models for real-estate visualization are developed online.
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| domain | founded_year | HQ Location |
3D virtual tours of properties are created via Cupix's platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Propvr
Frequently Asked Questions about PropVR
When was PropVR founded?
PropVR was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is PropVR located?
PropVR is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of PropVR?
Srinath Kandala is the current CEO of PropVR. They have also founded this company.
Is PropVR a funded company?
PropVR is a funded company, having raised a total of $33.83K across 2 funding rounds to date. The company's 1st funding round was a Seed of $17.23K, raised on Dec 20, 2018.
What does PropVR do?
PropVR was founded in 2016 in Chennai, India, by co-founders Sunder Jagannathan and Srinath Kandala, the latter serving as CEO. Operations focus on the proptech sector, where 3D interactive tools, augmented reality (AR), and virtual reality (VR) services support real estate development. These technologies are utilized for visualization and interactive experiences in property projects. The company is headquartered in India, addressing regional real estate requirements through digital solutions.
Who are the top competitors of PropVR?
What products or services does PropVR offer?
PropVR offers PropVR - 360 Lite, PropVR - Metaverse, PropVR - Sales Tool, Digital Twin Solutions, and VR/AR Solutions.
Who are PropVR's investors?
PropVR has 2 investors. Key investors include Square Yards, and Dtec.
What is PropVR's valuation?
The valuation of PropVR is $775.94K as of Mar 2021.
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