Total amount raised
$14 Millions
Latest funding date
12/01/2022
Location
Blox.xyz has successfully raised funding through multiple rounds, including a Series A, to support its innovative real estate platform. The company offers a streamlined home-buying experience, allowing users to purchase homes in less than 10 clicks.
Keep reading to explore the intricacies of Blox.xyz's fundraising journey and the investors backing this transformative platform.
What Is Blox.xyz?
Blox.xyz, founded in 2020 by Aditya Jhaveri, is a real estate agency based in Mumbai, Maharashtra, India. The company specializes in property development, real estate, and rental properties, aiming to simplify the home-buying process.
With an employee count ranging from 251 to 500, Blox.xyz operates under the legal name Method & Madness Technology Pvt Ltd. The platform offers a seamless, fee-free digital experience, leveraging data science to provide fair property comparisons and transparency.
How Much Funding Has Blox.xyz Raised?
- Seed Round
- Amount Raised: $2M
- Date: February 2021
- Lead Investors: JAM Fund, Justin Mateen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial product offerings.
- Series A
- Amount Raised: $12M
- Date: December 2022
- Lead Investors: Kunal Shah
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence, enhance the product portfolio, and build data infrastructure.
Total Amount Raised: $14M. Current Valuation: Not publicly disclosed.
Key Investors
- Kunal Shah
- Details: Kunal Shah is the founder of CRED, a prominent figure in the Indian startup ecosystem. He is known for his strategic investments in various technology-driven startups.
- Investment Focus Areas: Fintech, consumer-centric platforms, proptech
- Notable Investments: CRED, various fintech startups, consumer services
- JAM Fund
- Details: JAM Fund is a venture capital firm founded by Justin Mateen, co-founder of Tinder. The fund focuses on early-stage investments in innovative startups.
- Investment Focus Areas: Technology, consumer internet, mobile applications
- Notable Investments: Tinder, various tech startups
- Justin Mateen
- Details: Justin Mateen is the co-founder of Tinder and an active angel investor. He has a keen interest in supporting early-stage tech companies.
- Investment Focus Areas: Technology, social media, mobile applications
- Notable Investments: Tinder, various social media startups
What's Next for Blox.xyz?
As Blox.xyz looks to the future, the opportunities are vast. The Indian real estate market is projected to reach $1 trillion by 2030, offering immense potential for growth. Blox.xyz plans to leverage this by expanding its market presence, enhancing its product portfolio, and building robust data infrastructure across various segments.
With the proptech sector still in its early stages, there are significant opportunities for future fundraising. The company is well-positioned to attract more investments as the sector grows, driven by increasing demand for seamless and transparent home-buying experiences.
However, Blox.xyz will face challenges such as competition from other proptech startups and the need to integrate new technologies while maintaining a superior customer experience. Navigating regulatory and market dynamics will also be crucial as the company continues to innovate and expand.
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