India: Lodha Group floats maiden investment fund for realty start-ups

Photo: Reuters

Property developer Lodha Group on Wednesday announced the launch of its maiden investment fund of $7.4 million (Rs 50 crores) for start-ups focused on smart city solutions and overall real estate sector.

The startup investment fund will invest in start-ups at all stages of the development cycle, including early stage startups, which are focused on creating value in the real estate and smart city space in India, the company said in a press statement.

Within real estate, the company will look at all aspects of the value chain, right from digital marketing to analytics and from customer relationship management (CRM) to equipment optimization, it added.

“Demonetization and decline in interest rates alongside the government’s new incentives for low cost housing will boost the overall growth of the real estate sector. To aid this progress, our fund will address the prevailing inefficiencies in the sector with the use of technology and smart solutions,” said Abhishek Lodha, Managing Director, Lodha Group.

“2-3 business ideas have been already vetted and the first round of investments will be completed by March 2017. We are committed towards progress of the sector and will be constantly on the lookout for new opportunities,” Lodha added.

In the first phase, the company will not only provide angel funding or venture capital, but also business opportunities, industry contacts and mentorship, the statement added.

Lodha Group is currently developing around 41 million sq. ft. of prime residential real estate across 31 ongoing projects in London, Mumbai Metropolitan Region, Pune and Hyderabad.

Also Read: India: Real estate fund-raising plans run into multiple roadblocks

India: Milestone Capital Advisors raising $210m commercial real estate fund

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.