About PropVR
PropVR is a Real Estate & Construction company based in Chennai (India) founded in 2016 by Sunder Jagannathan and Srinath Kandala, and was acquired by Square Yards in August 2022. It operates as a provider of 3D interactive, real estate development, AR VR, and other services. PropVR has raised $33.83 thousand across 2 funding rounds from investors including Square Yards and Dtec. PropVR was last valued at $775.94 thousand in March 2021. Its chief executive is Srinath Kandala. Its Indian entity Touchwizard Technologies Private Limited reported revenue of ₹10.92 Cr. PropVR offers products and services including PropVR - 360 Lite, PropVR - Metaverse, PropVR - Sales Tool, Digital Twin Solutions, and VR/AR Solutions. Its focus areas include Real Estate and Construction Tech, Real Estate IT, Marketing and Virtual Tours. Its competitors include iStaging, Spacely, Foyr, SmartVizX and Floored and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Chennai, India
- Founders Sunder Jagannathan, Srinath Kandala
- Stage Acquired
- SectorsReal Estate & Construction
- Email••••••••
- Phone•••• ••••
- Website propvr.ai
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Square Yards (Aug 2022)
- Legal Name Touchwizard Technologies Private Limited
- Date of Incorporation 28 Jul, 2016
- Annual Revenue₹10.92 Cr
FY 2025 · +29% YoY
- Net Loss-₹4.51 Cr
FY 2025 · -41% margin
- EBITDA-₹2.76 Cr
FY 2025 · -25% margin
- Total Equity Funding$33.83K (USD)
in 2 rounds
- Latest Funding Round$16.6K (USD), Seed
Mar 2021
- InvestorsSquare Yards
& 1 more
- Acquired bySquare Yards
(Aug 2022)
Associated legal entities of PropVR
PropVR operates through Touchwizard Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Touchwizard Technologies Private Limited CIN U33100DL2016PTC404707 | Active | 28 Jul 2016 | New Delhi, Delhi | ₹10.9 Cr | 72 | 5 | View details |
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.
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.
Apps and channels of PropVR
its YouTube channel Prop VR has 401 subscribers and 30 videos.
Videos from PropVR
The most watched videos on PropVR's YouTube channel, Prop VR (401 subscribers). Click a video to play it here.
More on Prop VR.
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 $33,833
- Total Rounds 2
- Last Round Seed — $16,601
- First Round $17,232
(Dec 2018)
- Investors Count 1
All 2 funding rounds of PropVR with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
Last known valuation $775,940 (Mar 2021). 2 investors in total: 2 institutional.
Investors in PropVR
PropVR has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Square Yards and Dtec.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are incubated and funded by Dtec across multiple sectors. | – | dtec.ae | Dubai, United Arab Emirates | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | squareyards.com | Gurugram, India |
Investor details for PropVR
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Touchwizard Technologies Private Limited (PropVR)
Touchwizard Technologies Private Limited is the primary company behind PropVR. The board of Touchwizard Technologies Private Limited currently have 5 directors; the longest-serving is Kandala Srinath, appointed in 2016. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kandala Srinath DIN 07524557 | Director | 28 Jul 2016 | 10 yrs 2 mo | Touchwizard Technologies Private Limited |
| Jagannathan Sunder Jagannathan DIN 07485889 | Director | 28 Jul 2016 | 10 yrs 2 mo | Touchwizard Technologies Private Limited |
| Piyush Bothra DIN 06886730 | Director | 01 Apr 2022 | 4 yrs 6 mo | Touchwizard Technologies Private Limited |
| Vivek Agarwal DIN 03069922 | Director | 24 Jul 2023 | 3 yrs 2 mo | Touchwizard Technologies Private Limited |
| Hitesh Kumar Singla DIN 06931723 | Director | 24 Jul 2023 | 3 yrs 2 mo | Touchwizard Technologies Private Limited |
People of PropVR
5 people are tracked at PropVR (2 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Sagar Kankulwar | Unreal Developer | Team |
Rohit Singh | AVP Products | Team |
Praveen Pargunaraj | Associate Team Lead | Team |
Complete people profiles for PropVR
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of PropVR
Figures of Touchwizard Technologies Private Limited, the primary company behind PropVR, for FY 2025. Revenue was ₹10.92 Cr (+29% year on year). Net loss was -₹4.51 Cr (-41% margin). EBITDA was -₹2.76 Cr (-25% margin). Revenue has grown at a compounded annual rate of +726% over three years.
- ₹10.92 CrRevenue · FY 2025 · +29% YoY
- -₹4.51 CrNet loss · -41% margin
- -₹2.76 CrEBITDA · -25% margin
- ₹1.1 LakhPaid-up capital
- 72Employees (provident fund records)
- +726%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Touchwizard Technologies Private Limited are on its company page.
Detailed financial statements for PropVR
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PropVR
4 dated milestones of PropVR across 6 years, from founding to its latest funding, stage changes and deals.
- Founded PropVR is founded.
- Funding First funding round of $17K.
- Funding Latest funding round, Seed, of $17K.
- Exit Acquired by Square Yards.
Competitors of PropVR
PropVR has 9 listed competitors in our database, 8 of them funded. They include iStaging, Spacely, Foyr, SmartVizX and Floored, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| istaging.com | 2007 | Taipei, Taiwan | $5M | – | Augmented and virtual reality platforms are built online for businesses. | |
| spacely.co.jp | 2013 | Shibuya, Japan | $116.55M | – | Developer of AI-enbaled virtual reality solutions for real estate and construction projects | |
| foyr.com | 2014 | Hyderabad, India | $5.86M | – | Provider of cloud-based interior design software platform | |
| smartvizx.com | 2014 | Noida, India | $5.24M | 42 | VR-based interactive environments are created for unbuilt business spaces. | |
| floored.com | 2012 | New York, United States | $6.4M | – | Interactive 3D models for real-estate visualization are developed online. | |
| cupix.com | 2015 | Seongnam-si, South Korea | – | – | 3D virtual tours of properties are created via Cupix's platform. | |
| archilogic.com | 2014 | Zurich, Switzerland | $2.3M | 1 | SaaS-driven 3D models for the Real Estate visualization | |
| indoorreality.com | 2015 | Berkeley, United States | $1.05M | – | 3D view and floor plans using handheld mapping systems | |
| ambiensvr.com | 2016 | Rome, Italy | $341,800 | – | Provider of an online virtual solution for real estate professionals |
Detailed competitors of PropVR
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PropVR
The website of PropVR (propvr.ai) receives about 8.1K visits a month.
- Monthly visits8.1K
▲ 18.6% vs previous month
Websites whose visitors overlap most with PropVR. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
pmibangalorechapter.in | pmibangalorechapter.in | 100% | – | #11,067,334 | – |
Top companies in Real Estate Technology Platforms
10 companies that operate in the same segment as PropVR (Real Estate Technology Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Residential properties are listed and searched through an app-based platform. | 2005 | Seattle, Washington, United States | USD 87 M | – | – | |
Real estate properties are discovered via an online portal. | 2006 | Singapore, Singapore, Singapore | USD 689.51 M | USD 78.41 M | 2,613 | |
Residential properties are resold via an app-based platform. | 2014 | San Francisco, California, United States | USD 1.35 B | USD 2.71 M | 1,426 | |
Residential real estate search engine | 2005 | San Francisco, California, United States | USD 32.8 M | – | – | |
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 listing platform for buying and selling residential and commercial properties | 2000 | Madrid, Madrid, Spain | USD 303.81 M | – | – | |
Online platform for buying, renting, and selling residential and commercial properties | 2012 | Gurugram, Haryana, India | USD 146.45 M | USD 25.52 M | 1,188 | |
An online listing platform for residential and commercial properties | 2008 | London, England, United Kingdom | USD 10.67 M | USD 112.51 M | 456 | |
Rental properties are brokered online for seekers and owners. | 2012 | Sao Paulo, State of Sao Paulo, Brazil | USD 755 M | – | 5,932 | |
Residential properties are listed and brokered through an online platform. | 2004 | Seattle, Washington, United States | USD 166.06 M | USD 1.04 B | 5,659 |
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Related news about Propvr
Complete news archive for PropVR
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Frequently Asked Questions about PropVR
PropVR was founded in 2016 and raised its 1st funding round 2 years after it was founded.
PropVR is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Srinath Kandala is the current CEO of PropVR. They have also founded this 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 2018.
The primary company behind PropVR, Touchwizard Technologies Private Limited, reported revenue of ₹10.92 Cr for FY 2025, up 29% year on year.
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.
PropVR offers PropVR - 360 Lite, PropVR - Metaverse, PropVR - Sales Tool, Digital Twin Solutions, and VR/AR Solutions.
PropVR has 2 investors. Key investors include Square Yards, and Dtec.
The valuation of PropVR is $775.94K as of Mar 2021.
PropVR operates through Touchwizard Technologies Private Limited.
Yes. PropVR was acquired by Square Yards in August 2022.