Real Estate Content Portal PropStory Raises Angel Funding

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Startup: PropStory

Founded In/Founder(s): The startup was launched in July 2015 by Ashish Mahajan and Bhagwandas Paliwal.

Startup Description: Gurugram-based PropStory is a content platform for the real estate industry. The portal hosts information and reviews about various real estate projects in different cities. The revenue model of the startup is through sponsored content and digital marketing campaigns that they run for their clients.

Amount Raised: The startup has raised an undisclosed amount of money in Angel round of funding.

Investor(s): Abhishek Bhatewara (member of angel investor platform Mumbai Angels), Vivek Shah (head of investment banking at Chinese securities and brokerage major Haitong Securities), Suraj Saharan (co-founder of logistics startup Delhivery), Paras Arora (co-founder of Tea Halt, a tea-based restaurant chain), and a few other angels participated in the round.

Deployment Of Funds: PropStory will use the raised capital to recruit full-time content writers, for business development, product development, and to introduce new services, including “India’s first real estate-focused business process outsourcing unit.”

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