🚀 Blox Acquires 11% Stake in Guardians for $12M, Targets $10B in GTV!
In a bold move to revolutionize real estate in India, Kunal Shah-backed proptech startup Blox has acquired an 11% stake in Guardians for $12 million. This partnership is set to supercharge Blox’s gross transaction value (GTV) by 5x, with an ambitious goal of reaching $10 billion in GTV within 3–5 years.
💡 “By integrating Guardians, we’re not only enhancing the homebuying process but also establishing India’s first platform supporting both D2C and broker-led B2B2C sales,” shared Aditya Jhaveri, CEO of Blox.
This acquisition leverages Blox’s AI-powered property recommendation engine alongside Guardians’ extensive broker network of 18,168 channel partners, promising transparency, efficiency, and innovation in real estate.
Founded in 2020, Blox simplifies the homebuying journey through its tech-first platform. With $35M raised from investors like CRED’s Kunal Shah and Tinder co-founder Justin Mateen, Blox is reshaping the proptech landscape.
📈 Meanwhile, Guardians, a leading real estate advisory firm, brings its vast expertise with 23,000 units sold to date and an active inventory of 7,000 apartments. This collaboration enhances Guardians’ scale and tech capabilities.
As the Indian proptech market heats up, this strategic partnership is a game-changer, setting new benchmarks for growth, transparency, and customer experience.
👉 What are your thoughts on this milestone for the proptech sector? Let's discuss!
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