JLL realty venture arm eyes overseas investments, to back 7-8 firms this year

Anuj Nangpal, head - India Real Estate Technology Ventures, JLL India

International property consultancy JLL India‘s proprietary real estate technology investment vertical has started looking at overseas companies for investments, according to a company’s top executive.

“Currently, while we are largely focused on investing in Indian companies, we have also started looking at companies out of the region,” said, Anuj Nangpal, head of the real estate venture arm, JLL India told DEALSTREETASIA.

He added that the firm had already started the process of facilitating overseas investments and might even invest in US and Europe-based startups.

Jones Lang LaSalle (JLL) India, which launched its real estate venture arm in October last year, has already backed two startups including Cloud1 Enterprises, an end-to-end cloud-based platform that enables corporates to deploy telematics technologies (for efficiency in employee transportation), and Foyr, an online interior design startup.

“We are going to announce three more investments soon. Apart from these, we will be making three to four more (investments) this year,” Nangpal said.

JLL India Real Estate Technology Ventures focuses on geographic information systems (GIS), visualisation and augmented reality, artificial intelligence, sustainable energy, water efficiency, smart commercial buildings, smart city tech applications, property management technologies, data analytics, home automation and Internet of things.

The investment fund targets early-stage companies that need $100,000 to $2 million to go from proof-of-concept to growth in a period of one-and-a-half years. JLL India Real Estate Technology Ventures invests through money on its balance sheet.

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