Real estate developer Lodha Group has launched its maiden investment fund for startups focused on smart city solutions and overall real estate sector. With an initial investment corpus of Rs. 50 crores, 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.
"With the launch of the Startup Investment Fund, Lodha Group will look to bring in significant expertise, knowledge and resources for the technology led solution providers which aim to serve the smart city and real estate space"
Launching the Startup Fund, Abhishek Lodha, Managing Director, Lodha Group said, “Our fund will address the prevailing inefficiencies in the sector with the use of technology and smart solutions. Being the largest developer in the country, we have a deep knowledge of the sector and the inefficiencies affecting this growth and we will be able to combine this knowledge with the energy and technical knowhow of startups to find pathbreaking solutions.”
He further added, “We have been working in a focused manner to establish this platform over the last few months. 2-3 business ideas have been already vetted and the first round of investments will be completed by March 2017. We welcome all players in this space to reach out to us at smart.startup@lodhagroup.com and explore how we can work together for a win-win partnership.”
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