Other
Jan 2024Kenish Shah publicly said the company had a terrible quarter in 2023, shut down a business vertical, and had major transactions fall apart, indicating strategy and execution volatility.
SourceEnd-to-end commercial real estate transaction platform
Company research
Public company, workplace, funding, and market signals
Overview
PropReturns is a Mumbai-based commercial real estate marketplace and transaction platform focused on helping businesses, investors, and property owners buy, sell, rent, and analyze commercial properties in India using data-backed tools and curated supply.
Primary product
End-to-end commercial real estate transaction platform for buying, selling, and renting commercial properties in India
Founded
2021
Headquarters
India Bulls Centre, Senapati Bapat Marg, Saidham Nagar, Parel, Mumbai, Maharashtra, India
Team size
10-50
Work style
Onsite
Industry
Real Estate
Sub-industry
Commercial real estate marketplace / proptech
Offices
India Bulls Centre, Senapati Bapat Marg, Saidham Nagar, Parel, Mumbai, Maharashtra, India
Lower Parel, Mumbai, Maharashtra, India
Business model
marketplace
transaction facilitation
commercial leasing services
Funding
Stage
Seed
Total raised
$1.3M
Latest round
Seed II / strategic round · Jul 2022
People & investors
Leadership
Co-Founder & CEO
Co-Founder & COO
Co-Founder & CTO
Head of Marketing
Work & culture
Public signals point to a small, fast-moving startup culture with client-facing execution, sales/operations intensity, and an emphasis on ownership and accountability; public employee-review data shows a moderate culture rating.
Work style
Onsite
Compensation
Public job listings suggest competitive upside rather than a standardized published compensation policy; one Mumbai role was posted at roughly ₹5L-₹15L/year, and a job ad explicitly mentioned 'great compensation upside'.
Benefits
Flexible work hours
Informal dress code
Product & market
Pricing
Not publicly disclosed; appears to be a marketplace / intermediation model with transaction and leasing services.
Differentiators
- —Data-backed commercial real estate investing and transactions
- —Curated / hand-picked investment opportunities
- —AI-backed analysis and proprietary database positioning
- —End-to-end deal closure and paperwork support
- —Strong focus on pre-leased commercial properties and rental-analysis driven decisions
Technology
dbt
Python
TensorFlow
Apache
SQL
Selenium
Figma
JavaScript
Docker
React
Tailwind
Node.js
Mixpanel
GitHub
MongoDB
GraphQL
Git
Kubernetes
Datadog
YouTube
Customers
commercial property investors
wealth managers
real estate funds
corporates seeking office space
property owners
brokers
developers
retail tenants
Competitors
TruBoard
Alt DRX
Micro Mitti
Hbits
Myre Capital
Propshare
Yield Asset
Assetmonk
Scale & contact
Estimated revenue
$1M-$10M
Signals & risks
Latest news
LinkedIn · Aug 2024
A public LinkedIn post said PropReturns had crossed 5 lakh sq. ft. of transactions and launched its first brand video ad, signaling growth in deal volume and brand investment.
LinkedIn · Apr 2024
A company post highlighted a retail leasing deal for Mason Home by Amarsons, showing PropReturns' active office/retail leasing execution.
LinkedIn · Jan 2024
Kenish Shah said PropReturns had a difficult quarter, shut down a business vertical, and still ended 2023 with major transaction milestones and a larger team.
Entrepreneur · Jul 2022
Reported a strategic round with participation from Kunal Shah, Gokul Rajaram, 1947 Rise, Varun Alagh, Sandeep Agarwal, Nitin Jain, Karan Virwani, and others.
YourStory · Nov 2021
Founder story describing PropReturns as a platform for pre-leased commercial properties, its market opportunity, and its early traction.
Jobs and careers at PropReturns
0 jobs at PropReturns
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