Thursday, January 22, 2026
Mumbai proptech PropertyPistol secures INR 25 crore expanding UAE ops post AED 10M investment targeting Indian investors high-yield realty.
The GMA Admin
Proptech startup PropertyPistol has raised $2.7 million (INR 25 crore) in a Pre-Series B funding round, led by veteran investor Ashish Kacholia with support from existing backers. The Mumbai-based firm, founded by Ashish Narain Agarwal in 2012, plans to channel the capital into expanding its Dubai operations—building on a recent AED 10 million investment—and strengthening its foothold in Delhi-NCR. This infusion comes at a pivotal moment as Indian investors increasingly eye UAE real estate for its stability and high yields.
Strategic Expansion Plans
The funds will supercharge PropertyPistol‘s presence in Dubai, Abu Dhabi, and other UAE hubs, where it has already facilitated INR 3,000 crore in transactions over three years through its dedicated Dubai Desk. Agarwal emphasized the synergy: “Dubai dominates global property investments, while NCR powers India’s demand—together, they anchor our growth.” Back home, the company aims to deepen market penetration, upgrade operational capabilities, and enhance its tech stack, including analytics and customer tools for smoother deals.
Company Milestones and Scale
Operating in over 30 Indian cities, PropertyPistol connects builders, brokers, and buyers for residential and commercial properties, boasting sales of 32,000 units worth $4 billion (INR 25,000 crore) with 400+ developer partners. Its client base exceeds 550,000, reflecting a decade of evolution from a transaction simplifier to a full-stack platform. A 2023 Series A round of INR 45 crore from ICICI Bank, Barings, and others had set the stage for this tech-driven push.
Hot Proptech Market
India’s real estate tech scene buzzes with activity, pitting PropertyPistol against rivals like NoBroker and CommonFloor. Recent peers include Truva’s INR 78 crore raise for expansion and HouseEazy’s INR 150 crore for metro growth, signaling robust investor confidence amid rising cross-border demand—Indians now claim 22% of Dubai’s residential buys.
Conclusion
PropertyPistol’s latest funding positions it to capitalize on dual-market momentum, blending UAE’s global appeal with NCR’s domestic vigor. As proptech heats up, this move underscores a maturing ecosystem where tech bridges borders, promising smoother paths for buyers and builders alike—and hinting at more cross-continental wins ahead.