My Property Boutique, a real estate startup is in contact with a couple of investors with a goal to raise up to USD 4 million in its first round of funding. The startup will use the funding to expand its influence.
The company currently has three boutiques or retail showrooms in Chennai and Bengaluru where properties of various real estate developers are put on display for prospective buyers. The fourth one at Coimbatore would be opened in the next three months.
The Chennai-based firm, an online and offline real estate aggregator, was co-founded by Neelesh Bora and Karthikeyan Kumar. Before starting their new venture, both had worked for leading property consultant JLL India.
"In last 18 months of our operations, we have received a good response from developers as well as customers. Now we want to open 100 such boutiques or expo centers across the country in the next three years," Bora stated.
"We are in discussions with few investors to raise our first round of funding. We are looking to raise up to USD 4 million for our expansion plan," Bora said.
The company started this venture based on the retail structure.
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