Brigade REAP, India’s first proptech accelerator established by Brigade Group, announced an investment in Settlin, India’s first Gig-Based residential resale broker. This investment is part of an overall funding round of $500,000 for Settlin involving other investors as well.
The fast-growing startup has quickly gained traction in the Bengaluru market, with its data-driven approach and gig-enabled workforce allowing it to execute resale transactions at unprecedented scale and speed. Settlin has sold nearly 1000 homes clocking a gross transactional value of around ₹900 Cr selling an average of 3 homes a day. This is enabled by a proprietary tech stack, combined with a lean, app-only model, that has zero dependency on brokers and brings buyers and sellers closer to frictionless transactions.
Abhay Garg, Head of Brigade REAP commented on the investment: “This is Brigade REAP’s third investment in a startup this year. Our aim is to target around six to eight investments a year in early-stage startups that are working on solutions for challenges faced by the built world. Our investments will be anywhere between 100,000 to 200,000 USD per startup. We invested in Settlin as their commitment to creating an end-to-end automated solution addresses the unique needs of the resale market resonates with our vision to foster innovation-led growth in the real estate industry. This investment in Settlin also underscores Brigade REAP’s dedication to investing in promising startups beyond its accelerator portfolio, expanding its impact across India’s proptech ecosystem “
Settlin has achieved 10x growth in the last two years by addressing the unique challenges of India’s residential resale market. Through its deep automation and seamless app interface, Settlin eliminates the need for traditional brokers, creating a fast and frictionless experience for both buyers and sellers. This pioneering model leverages gig-enabled resources and cutting-edge technology to streamline every stage of the real estate transaction.
For Brigade REAP, the investment underscores a broader strategy of supporting high-potential, tech-focused companies poised to address India’s pressing real estate challenges. Settlin’s partnership with Brigade REAP is a significant endorsement, providing Settlin with the resources to expand further and bring its model to new cities and markets.
The Brigade Real Estate Accelerator Program (REAP) began in 2016 and is the top accelerator program in India, focusing on PropTech. It has been recognized as one of the top three real estate accelerators globally. Over a span of seven years, this program has accelerated 67 startups, which have raised 300 crores from external investors, with their curated market-leading intelligence and mentorship. Brigade REAP is supported by mentors and investors like Accel, Foundamental, HDFC Capital, and Rainmatter. The program has also partnered with top ecosystem stakeholders such as AWS, Hubspot, and Zoho, and works with industry bodies such as NAREDCO, CREDAI, CII, IIT Madras Research Park, and IIM Bangalore
