Brigade REAP, India’s first proptech accelerator established by Brigade Group, announced an investment in Settlin, India’s first Gig-Based residential resale broker. This investment is part of an overall funding round of USD 500,000 for Settlin involving other investors as well. The fast-growing startup has quickly gained traction in the Bengaluru market, with its data-driven approach and gig-enabled workforce allowing it to execute resale transactions at unprecedented scale and speed.
Settlin has sold nearly 1000 homes clocking a gross transactional value of around Rs 900 Cr selling an average of 3 homes a day. This is enabled by a proprietary tech stack, combined with a lean, app-only model, that has zero dependency on brokers and brings buyers and sellers closer to frictionless transactions.
Settlin has achieved 10x growth in the last two years by addressing the unique challenges of India’s residential resale market. Through its deep automation and seamless app interface, Settlin eliminates the need for traditional brokers, creating a fast and frictionless experience for both buyers and sellers. This pioneering model leverages gig-enabled resources and cutting-edge technology to streamline every stage of the real estate transaction.
For Brigade REAP, the investment underscores a broader strategy of supporting high-potential, tech-focused companies poised to address India’s pressing real estate challenges. Settlin’s partnership with Brigade REAP is a significant endorsement, providing Settlin with the resources to expand further and bring its model to new cities and markets.
