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Nasscom and Realty Consultant CBRE Selects 3 PropTech Startups to Support & Mentor

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IT industry body Nasscom and property consultant CBRE on Friday said they will mentor and support three property-tech startups that offer tech-based solutions for the real estate market.

The startups — Touchwizard Technologies, XLSYS Technologies and WEGoT Utility Solutions– were declared winners post three stages of evaluation by industry leaders from across sectors, CBRE said in a statement.

The National Association of Software and Services Companies (Nasscom) and CBRE South Asia had started this competition in May this year.

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Srikanth Srinivasan, Head Membership, Nasscom said, “We see this initiative as a step forward towards building a sustainable ecosystem for PropTech start-ups in the country.”

“We wanted to create a platform in India that advocates PropTech and slowly but steadily walk towards creating a truly global experience for consumers in the Realty sector,” said Anshuman Magazine, Chairman and CEO, India and South East Asia, CBRE.

Chennai-based Touchwizard Technologies, which came first in the challenge, deals in manufacturing and trading of video projectors, interactive boards, projector screens, interactive floor systems, virtual field trip service and virtual reality kit trip services.

Bengaluru-based XLSYS Technologies offers jobsite management and analytics services for the real estate industry. WEGoT Utility Solution specialises in utility management and water management solutions.

Chennai-based WEGoT Utility Solutions has developed a convenient platform that integrates resurces – Water, Electricity and Gas, and helps each household measure, manage and conserve these critical resources from their fingertips.

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Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

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