India’s biggest PropTech challenge, by CBRE & nasscom startups
Nearly ~400 startups from over 45 cities participated in the challenge
Bangalore, New Delhi and Mumbai collectively accounted for 53% of the total startup entries
Startups in ESG, Fintech, Construction Technology, and Indigenous Tech domain engaged in the challenge
National – November 3, 2023 – CBRE South Asia Pvt. Ltd., the leading real estate consulting firm in India today, announced the winners of the second edition of India’s biggest PropTech challenge, ‘DISRUPTECH 2.0’, organized in partnership with nasscom startups. Delhi-based Strawcture has emerged as the winner, while Enlite (Mumbai) and SuperBolter (Bengaluru) have been first and second runner-up, respectively. The winners were announced at the grand finale event, held in Delhi, that marked an extraordinary showcase of innovation, entrepreneurial spirit, & revolutionary solutions poised to redefine the future of the Indian real estate industry.
A distinguished panel of industry veterans and experts evaluated the top 11 stellar finalists, out of which the top 3 winners were felicitated by Shri Amitabh Kant, G20 Sherpa of India and former CEO, NITI Aayog and Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East, and Africa, CBRE.
The six-month-long challenge witnessed participation from more than 400 startups, from over 45 cities across the country. The entries for the challenge were divided into categories focused on ESG, Fintech, Construction Technology, & Indigenous Tech for the local market. The highest number of nominations were from Fintech, followed by ESG.
Shri Amitabh Kant, G20 Sherpa of India and former CEO, NITI Aayog, commented on the occasion, “I congratulate all the winners of DISRUPTECH 2.0, CBRE, & nasscom for this initiative. This is a unique challenge & I believe for India to grow at a high rate, we need a huge amount of technological disruption. That is why we continue to advocate the sunrise areas of growth, where we foresee immense potential & accelerated growth across sectors, which will drive India’s future. Real value for India’s growth will come from emerging sectors such as AI, Quantum Computing, Robotics, Green Hydrogen, Advanced Chemistry Cell Batteries, Semiconductors, and Chips, among others. This huge value add to India’s future will not be possible without start-ups. We need to replicate the success of the Indian start-up ecosystem for Deep Tech as well. Deep tech requires push, demand creation and requires funds, and Indian companies need to invest. This is only possible through technological disruption in a range of areas, where India needs to go digital and green to add value. We need a set of young entrepreneurs to come forth and take the lead. DISRUPTECH 2.0 is unique, and we need to create many more platforms like this.”
Anshuman Magazine, Chairman and CEO for India, South East Asia, Middle East, and Africa at CBRE, stated, “DISRUPTECH 2.0 epitomizes our unwavering commitment to fostering PropTech in India and propelling the realty sector towards a globally resonant future. It reflects CBRE’s dedication to a tech-savvy and future-ready real estate industry. The overwhelming response and the exceptional quality of nominations made the jury’s task formidable. CBRE extends heartfelt congratulations to the victorious innovators and sincere appreciation to all participants, nasscom startups and our esteemed panel of judges.”
Commenting on the initiative, Kritika Murugesan, Senior Director, nasscom startups, said, “DISRUPTECH 2.0. has been a unique partnership with CBRE in the real estate domain. Startups in the real estate domain are likely to be the next big thing as they are driving growth of a sustainable ecosystem in India. With the Indian real estate sector being one of the biggest drivers of the economy, we expect startups in this domain to come up with technologies and innovations that promise to redefine and simplify the real estate ecosystem. I congratulate the winners and extend my gratitude to CBRE and other stakeholders”.
The winners of DISRUPTECH 2.0 will be entitled to rewards and recognition, including access to real estate angel funding, participation in the CBRE Global Startup program, opportunities for proof of concept (POC) collaborations with CBRE clients, access to the nasscom startup ecosystem, mentorship with experienced investors, and valuable marketing support from CBRE Advisory. The platform primary objective is to identify, mentor, and develop the best technology solutions will enable the Indian real estate industry to take a quantum leap over the coming years.
ABOUT nasscom startups:
Nasscom startups is an initiative to support technology entrepreneurship in the country. It is
India’s most ambitious startup initiative which has successfully impacted more than 10,000 Tech startups. The initiative offers a range of programs and resources to help startups succeed, including incubation, acceleration, funding, and networking. The nasscom startups incubation program enables startups to scale up with various opportunities and industry connects digitally and in-person. Our incubation programs provide market access; investor connects; access to state and government programs; startup kits; mentoring: one-on-one and in groups by industry experts; other tools to scale such as webinars, meetups, CXO roundtables workshops and more.
For more details, please visit https://10000startups.com/
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
CBRE was the first International Property Consultancy to set up an office in India in 1994. Since then, the operations have grown to include more than 11,000 professionals across 15 offices with a presence in over 80 cities in India. As a leading international property consultancy, CBRE provides clients with a wide range of real estate solutions, including Strategic Consulting, Valuations/Appraisals, Capital Markets, Agency Services, & Project Management. The guiding
principle at CBRE is to provide strategic solutions that make real estate holdings more productive and economically efficient for its clients across all service lines. Please visit our website at https://www.cbre.co.in/
