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HomeReal EstateBlox buys realty advisory firm Plinthstone for $1.5 million

Blox buys realty advisory firm Plinthstone for $1.5 million

Blox, a tech platform to facilitate the home-buying journey, has bought real estate advisory firm Plinthstone REMA for USD 1.5 million.

Plinthstone, a real estate advising firm launched in January 2021, has completed four mandates totaling over Rs 200 crore in sales volume.

“Plinthstone’s team that is servicing these projects will now be integrated into Blox,” the company said in a statement. 

Blox did not disclose the deal value. However, the market sources said that it is around USD 1.5 million.

Blox has over 300 developers on its platform and is now working on 700 projects in Mumbai and Thane. 

Aditya Jhaveri founded Blox to simplify the home-buying process. Blox, which is backed by Tinder founder Justin Mateen and other prominent Silicon Valley investors, allows homebuyers to explore completely verified inventory directly published by developers on the platform.

Aditya Jhaveri, Founder & CEO of Blox, said: “Plinthstone is our first acquisition and brings us one step closer towards achieving our goal of being the biggest and best home buying ecosystem in India.” 

“We are using technology to bring e-commerce-type functionality to the home buying process and build trust and transparency with homebuyers. We want to serve millions of Indians in buying their homes over the next decade,” he said.

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BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.