SEARCHED FOR: PropTech

Six startups showcased their solutions and roadmaps to investors and key players in the smart real estate, retail, logistics, construction and automotive industries at RElab Demo Day.

Technology has disrupted almost every facet of the real estate business today. However, the creation of the core product is and will remain the most important aspect of this business, and advanced technologies are certainly playing a major role there.

The real estate technology is the force currently having the largest impact on the sector. The investment in proptech per year has increased from $60 million to over $12 billion, says Camber Creek partner Jake Fingert.

Mumbai-based Propstack, a data & analytics company that helps predict real estate market trends is one of the selected participants for Colliers Proptech Accelerator.

Owing to high competition, over supply and tight margins, real estate developers in Asia-Pacific (APAC) are increasingly embracing new technologies, known as PropTech.

The five-month programme will assist businesses in developing scalable and sustainable business models, as well as quick product development and prototyping, says T-Hub.

Camber Creek said that it has closed an oversubscribed third fund with capital commitments of $155 million

Online real estate investment startup Strata said that it has raised $1.5 million in a seed round led by SAIF Partners and Mayfield India

HCL said it is acquiring Strong-Bridge Envision (SBE), a US-based consulting firm that deals in customer experience strategy, business transformation and change management.

The programmatic ad spends accounted for a whopping 90% of total spends by Fortune 500 brands and has taken center stage of the digital advertising industry.