Brigade REAP Expands Proptech Investments with $500,000 in Settlin’s Resale Platform

Brigade REAP, the proptech accelerator by Brigade Group, has invested in Settlin, a gig-based residential resale platform, as part of a larger $500,000 funding round. Settlin, a rapidly growing startup based in Bengaluru, has disrupted the residential resale market with its data-driven approach and gig-enabled workforce, offering unprecedented speed and scale in resale transactions. The platform has successfully sold nearly 1,000 homes, generating a gross transactional value of Rs 900 crore, averaging three home sales per day.

The company’s success is fueled by its proprietary tech stack, which combines deep automation and an app-only model, eliminating the need for traditional brokers and enabling seamless transactions between buyers and sellers. This innovative model is aimed at reducing friction in the real estate market, improving efficiency, and streamlining the process for everyone involved.

Abhay Garg, Head of Brigade REAP, explained, “This marks our third investment this year. Brigade REAP plans to make six to eight investments annually, focusing on early-stage startups addressing challenges in the built environment. Our investments range between $100,000 and $200,000 per startup. Settlin’s approach aligns with our mission of fostering innovation in real estate, and this investment also reflects our commitment to expanding our impact in India’s proptech ecosystem, beyond just our accelerator portfolio.”

Settlin has achieved significant growth, with a 10x increase in the last two years by addressing challenges unique to India’s residential resale market. By leveraging gig economy resources and cutting-edge technology, the platform offers an automated, frictionless experience for buyers and sellers, streamlining the entire transaction process. This efficient, tech-enabled solution positions Settlin as a key player in the future of real estate transactions, especially in the residential resale sector.

The investment marks a significant step forward in Brigade REAP’s strategy to drive innovation in the real estate industry and highlight the transformative potential of proptech solutions in India.