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Spyre PropTech Ventures Launches Rs 400 Cr Fund for Real Estate Innovation

Spyre PropTech Venture Fund, supported by Venture Catalysts and Neovon, has unveiled the initial phase of a Rs 400 crore PropTech sector fund. The fund aims to facilitate significant investments in more than 30 Indian startups.

CREDAI, the apex body of private real estate developers in India, is endorsing this unique venture fund, aiming to shape the proptech landscape in the country.

This inaugural fund intends to invest in early and growth-stage companies, with investments ranging from Rs 2-8 crore in early stages to Rs 15-40 crore in growth stage Series A and B rounds. These investments will bolster innovative technology startups striving to propel the real estate sector into the future.

The fund has secured an AIF Cat II license from SEBI, with an additional green shoe option of Rs 400 crore.

Spyre VC is a proptech fund focused on nurturing startups in the Indian ecosystem, aiming to become a strategic partner fostering innovation in the real estate sector and its related industries.

Over the years, the team has supported companies such as OYO, Innov8, Planet Smart City, Rentmojo, Homeville, and others.


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