B2B Proptech Platform Altre Raises $1 Mn from Institutional Investors

Gurugram based Proptech startup Altre has raised $1 million in a pre series A round of funding from institutional investors, reported Economic Times.

Altre is essentially a B2B Commercial Real Estate tech platform aims to solve real world problems by automating and resolving commercial real estate needs with seamless efficiency, making the process faster, smarter, and more accessible, by powering the process with data-driven insights and Artificial Intelligence.

Founded this year, by Shweta Sawhney (Ex JLL, Cushman and Savills), Altre is India’s first digital brokerage platform servicing a Pan India footprint for enterprise clients.

Shweta Sawhney is an industry expert with over 20 years of real estate experience. She has facilitated transactions of over 35 mn sq. ft., and with Altre she is on a mission to make real estate more efficient and accessible through technology.

Currently Altre has over 2,000 properties listed across 300 million square feet of listings from Bangalore, Delhi, Noida, Pune and Gurugram.

As per the startup's LinkedIn profile, Altre aims to digitize the real estate transaction space across various use cases like leasing, buying/selling utilising data and AI to cater to the real estate needs of corporate occupiers. Altre offers a one-stop solution where businesses can easily search, discover, compare, shortlist, negotiate, and finalize their office, flexible, coworking, meeting rooms, or conference room spaces.

Earlier this month, an another Gurugram headquartered Proptech startup OfficeBanao raised funds from angel investors including former Meta India MD Ajit Mohan and former Colliers India CEO Ramesh Nair.

In start of this year, Landeed, touted as India's largest seed-funded proptech startup, had raised $ 8.3 million from prominent investors like Draper Associates, Y Combinator, and Bayhouse Capital.

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