Proptech India Statistics 2026: Funding, Market Size and Listed Company Numbers

How much funding did Indian proptech raise in 2025?

Indian proptech startups raised $552.14 million across 32 deals in calendar 2025, according to Entrackr's Proptech Report 2025. Growth and late stage companies took $478 million of that and early stage startups $74 million. One company dominated: Infra.Market, a construction tech and building materials platform, raised about $175 million, which is over 30% of the year's total. OYO came next, and Square Yards raised a $35 million round.

The longer trend tells you more than one year. Funding hit $1.56 billion in 2021, fell to $680 million in 2022 and collapsed to $126.7 million in 2023 when venture money dried up across Indian startups. It came back above $500 million in 2024 ($503.5 million) and edged up again in 2025. So proptech funding is recovering, but it is still roughly a third of the 2021 peak.

Entrackr counts hospitality, co-working, co-living, interiors and construction tech as proptech, so these totals are broader than property search and brokerage alone. Other trackers use narrower definitions and report different totals, which is why you will see different headline numbers in different reports.

Which proptech segments attract the most money?

Hospitality has drawn the most proptech capital since 2020, about $956 million, and most of that is OYO alone, which raised over $900 million in the period. Construction tech is second at about $626 million in Entrackr's segment chart (the report text rounds it to roughly $670 million), led by Infra.Market and Brick & Bolt.

Pure real estate platforms, the businesses most buyers think of as proptech, raised about $535 million in the period, led by NoBroker, Square Yards and PropShare. Co-working raised around $300 million across 26 deals and is the segment that has gone public fastest: Awfis listed in May 2024, then Smartworks, IndiQube and WeWork India in 2025.

For a buyer in Gurgaon, the funding mix matters because it shows where the money is going. Most of it has gone to construction supply chains, hotels and offices rather than to tools that make buying a home cheaper or safer. Listing portals and brokerages still sit between you and the developer.

What is the proptech India market size?

IMARC Group estimates the India proptech market at $1.31 billion in 2025 and projects it will reach $3.82 billion by 2034, a CAGR of 12.26% over 2026 to 2034. That is a revenue style estimate for technology products and services sold into real estate. Other market research houses use different scopes and arrive at different figures, so treat any single market size number as an estimate, not a count.

A separate measure is investment. A December 2024 report by Knight Frank with HDFC Capital and Brigade REAP put cumulative proptech investment at $6 billion in 2023 and expects it to reach $16 billion by 2030, a 15% CAGR. The same report said proptech made up 6% of recognised Indian startups in 2023 and that India ranked 6th globally in proptech funding raised.

These numbers look small next to the property market itself. Our view: most of the value in Indian real estate still moves through developers, brokers and banks, and technology firms take a thin slice of it.

How big is 99acres? Info Edge's real estate numbers

Info Edge, the listed parent of 99acres, gives the cleanest public data on a property portal. In FY26 (April 2025 to March 2026) 99acres billings grew 10% to ₹497 crore and revenue grew 19% to ₹488 crore. The segment still made an operating loss of ₹59 crore for the year, with cash losses from operations of ₹5 crore.

Q4 FY26 looked better on revenue (up 36% to ₹144 crore) but billings grew only 2% to ₹163 crore. Management said ₹20.5 crore of that revenue came from a one-time reversal of a warranty provision on lead-based products, so the quarterly profit of ₹3 crore flatters the underlying business.

On usage, Info Edge said 99acres' web traffic share rose to 49% in Q4 FY26 from 46% in the previous quarter, it had 54% of overall app traffic share, and its overall traffic timeshare was 51% in March and 52% in April 2026. Live resale and rental listings from brokers grew 35% year on year and live new project listings grew 28% in the quarter.

Square Yards, NoBroker and the largest proptech companies by revenue

Square Yards reported revenue of ₹2,086 crore for 2025-26, up 48% from ₹1,410 crore in 2024-25. Adjusted EBITDA rose to ₹176 crore from ₹49 crore, and the company says it facilitated property sales worth ₹13,236 crore and loan disbursals of ₹87,831 crore during the year, 86% of them home loans. India contributed 88% of revenue.

In FY25, Entrackr ranked interiors company Livspace as the largest proptech by operating revenue at ₹1,460 crore, followed by Square Yards at ₹1,410 crore. Five of the top ten by revenue were co-working operators. NoBroker had not filed FY25 accounts when that list was compiled; its latest filed figure is FY24 operating revenue of ₹803 crore, up 32% from ₹609 crore, with a net loss of ₹411 crore.

Entrackr's report also makes a point any buyer should understand: on a ₹1 crore sale, a broker earning about 5% takes around ₹5 lakh, while a classifieds portal earns ₹25,000 to ₹30,000 in listing fees. That gap explains why portals are moving into brokerage and home loans.

Proptech IPOs: who has listed and who is next

Co-working has led proptech's move to the stock market. Awfis listed in May 2024 and raised ₹599 crore through its IPO, and Entrackr counts four more co-working listings (Smartworks, IndiQube, WeWork India and DevX) after it. Only two proptech M&A deals happened in 2025.

Entrackr also reports that OYO's parent PRISM has filed confidential draft IPO papers targeting a $7 to $8 billion valuation, and that Square Yards, Infra.Market, Furlenco and Rentomojo are preparing listings. Listed proptechs will have to publish quarterly numbers, which should give buyers and investors far better data than the funding press releases we rely on today.

What proptech means for a Gurgaon home buyer

Portals are good for discovery and price checking, but the numbers above show they are still small, loss-making or thinly profitable businesses that earn from developers and brokers, not from you. Verify the project on HARERA, check the developer's delivery record and compare the quoted price with registered deals before you rely on any listing.

If you are shortlisting new projects in Gurgaon, our property pages list developer, sector and status in one place, and we can walk you through the RERA paperwork.