NASSCOM & CBRE announce the winners of India’s ‘biggest proptech challenge’
The challenge was designed to identify, mentor and develop the best-in-line RE Technologies for India.
The National Association of Software and Services Companies (NASSCOM) and CBRE South Asia Pvt. Ltd., today announced the top 3 winners of India’s ‘BIGGEST PROPTECH CHALLENGE’ - DISRUPTECH. The challenge was announced in collaboration with the NASSCOM in May 2019 with an aim to expand the footprint of technology in the real estate sector. Designed to identify, mentor and support start-ups, the ‘PROPTECH CHALLENGE’ seeks to transform the Indian real estate sector by developing the best technology solutions for industry.
Envisioned by CBRE India, entries for DISRUPTECH were divided into four categories: Real Estate FinTech; Sustainability; Agility & Efficiency and Made for India (solutions tailored specifically for the Indian market). DISRUPTECH 2019 witnessed participation from established and emerging start-ups from across India. The highest number of nominations came from the South with a whopping 44 per cent, followed by North at 25 per cent.
DisrupTech witnessed participation from companies across the country and the TOP thirteen entries selected to present to the juries were XLSYS Technologies Pvt Ltd, WEGoT Utility Solutions Pvt Ltd, Pemimpin Technology, Trustmore Technologies (P) Limited, Buildsupply, Arth Design Build India Pvt Ltd, Touchwizard Technologies Pvt. Ltd, Property Crow Services Pvt Ltd, Agnishudhi, Indriyn Data Analytics Pvt Ltd, Smarter Dharma Sustainable Solutions Pvt Ltd, YardSquare Property Management Private Limited and Magneto Cleantech.
The three winners Touchwizard Technologies Pvt Ltd (PropVR), XLSYS Technologies Pvt Ltd (QwikSpec) and WEGoT Utility Solutions Pvt Ltd (VenAqua) of DisrupTech were felicitated at the ceremony attended by juries, academia, industry leaders and CBRE.
The three winners will get the opportunity to be mentored by CBRE along with other opportunities during the time frame.
Real estate being a multifaceted industry, technology and innovation is the key to transform the current scenario of the real estate sector. Technological development in the sector will uplift the way CBRE envisions, develops and deploys real estate. As the next step in Disruptech, these technologies from the winning start-ups will be given the support needed to strengthen the Indian RE landscape with innovation-driven solutions.