JUSTO Realfintech Secures $7 Million to Boost Proptech Expansion

Mumbai-based proptech startup JUSTO Realfintech has successfully raised $7 million in a recent funding round led by investment management firm Arbour Investments. This funding is a strategic mix of equity and debt, with $5 million allocated as equity and the remaining $2 million infused as debt.

Founded in 2019 by Pushpamitra Das and Rahul Pande, JUSTO Realfintech specializes in providing comprehensive solutions designed to enhance sales growth for real estate developers, particularly in the group housing sector. The company has made significant strides in the real estate market, establishing a presence across key cities including Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik. To date, JUSTO has delivered 9,000 housing units, contributing over INR 6,000 crore in sales.

The newly secured funds will be utilized to accelerate JUSTO’s growth trajectory and expand its market presence. This investment is expected to enhance JUSTO’s capabilities and enable it to tap into new market opportunities. Through this partnership, Arbour Investments aims to leverage JUSTO’s expertise in the mid-ticket size property segment to diversify and enhance its service offerings, thereby boosting its project management capabilities and client base.

Chirag Mehta, founder of Arbour Investments, expressed optimism about the partnership, noting, “Justo’s expertise and market presence provide us with an unparalleled opportunity to diversify our portfolio and enhance the value we deliver to our clients. We are confident that this partnership will drive significant growth and innovation in the sector.”

Pushpamitra Das, co-founder of JUSTO Realfintech, highlighted the company’s growth ambitions, stating, “We plan to use the proceeds from this fundraise to propel our growth and broaden our market reach. This investment will play a crucial role in advancing our mission to transform the real estate sector.”

The investment in JUSTO Realfintech underscores the growing interest in the proptech space, as investors increasingly recognize the potential of innovative solutions in real estate. This trend is further exemplified by recent funding activities, such as HouseEazy’s $7 million Series A round led by Chiratae Ventures and Truva’s $3 million seed round led by Stellaris Venture Capital.

As the proptech landscape continues to evolve, JUSTO Realfintech’s latest funding round positions it well for future growth, reinforcing its role as a key player in the real estate technology sector.