wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Real Estate Marketplace SmartOwner Raises Funds From AngelPrime

Smartowner Services India Pvt Ltd, a company that owns real estate marketplace Smartowner, has raised an undisclosed amount of funding from AngelPrime, reports Techcircle.

SmartOwner is headquartered in Bangalore and was founded by  Vikram Chari, Ranjiv Walia, Bala Parthasarathy and Shripati Acharya. Bala Parthasarathy and Shripati Acharya are also partners at AngelPrime. AngelPrime’s third partner, Sanjay Swamy, is also on SmartOwner’s board of advisers. Previously, Shripati Acharya and Bala Parthasarathy along with Raj Kapur & Suneet Wadhwa had co-founded Snapfish, an online photo service that was acquired by HP.

We’ve written to Swamy for more information and will update this post as soon as we hear from him. Update: Swamy did not respond to our mail and AngelPrime got back to us stating that they are not looking at talking about SmartOwner at this point.

SmartOwner provides a marketplace for real estate brokers, buyers, sellers and builders to buy and sell real estate properties. The company claims that its marketplace provides a curated list of real estate properties and that each of its listing includes a team of professionals to assist customers. According to the report, SmartOwner has partnered with J Sagar Associates and MDT Partners for legal advise, Ernst & Young for tax advise, S R Batliboi & Co for auditing and HDFC Bank Ltd for banking and escrow services.

AngelPrime was founded by  Bala Parthasarathy, Shripati Acharya and Sanjay Swamy in 2011. The incubator provides seed capital to startups in the $200,000-$600,000 range and nurtures them for 12-14 months. Currently, AngelPrime has invested in E-commerce venture Unamia, POS solution provider Ezetap, and now SmartOwner. Recently, AngelPrime raised an undisclosed amount of funding from Mayfield Fund, a California based global venture capital firm. Although the firm did not disclose the financial details of the funds raised, a report by NDTV Profit states that the fund raised by AngelPrime is less than $10 million. Apart from that, Chamath Palihapitiya’s The social+capital partnership has also invested in the AngelPrime . AngelPrime had previously indicated that it plans to incubate three companies a year. With the investment in SmartOwner the investment firm has reached its target.

Other players: SmartOwner competes with real estate marketplace such as 100floors, Infoedge’s 99acres, and Times Business Solutions property listing portal MagicBricks, among others. Clearly, the online real estate marketplace is noticing growth. Recently, InfoEdge in their Q2 FY13 con-call discussed that 99acres grew by 52% year on year to 11.6 crores.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...


By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ