Lodha Group, one of India’s prominent real estate developer has announced launch of its maiden investment fund for startups focused on smart city solutions and overall real estate sector. With an initial investment corpus Rs. of 50 Cr,the company will not only provide angel funding or venture capital, but also business opportunities, industry contacts and mentorship.
The fund will invest in startups 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. 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 smart city services.
Abhishek Lodha, Managing Director, Lodha Group said, the fund would address the prevailing inefficiencies in the sector with the use of technology and smart solutions.