The five real-estate tech startups are ECOSTP, QuickQuotes, Synconext, WeGoT Utility Services, and Woodzon
Brigade REAP, an accelerator programme with a focus on technology that impacts the real estate industry, today announced the graduation of its third cohort of five startups during the Brigade REAP Handover Day.
REAP was Launched in October 2016 with an intention to mentor startups leveraging technology which can help in delivering greater efficiencies to the real estate sector. Over 100 plus startups were evaluated for the third cohort and after two rounds of intense jury selection, five startups were inducted into the programme.
The startups inducted in the programme went through a rigorous four-and-a-half-month mentorship and acceleration programme.
At the Handover Day of the third cohort, these five startups demonstrated their ventures to eminent developers from the real estate industry, investors, HNIs, other startup founders and senior management of global corporates.
“The main focus of the accelerator programme is to make startups ‘industry ready’. Many of them need to tweak their business model in order to work seamlessly with established real estate developers who have their own idiosyncratic way of working. We try to work with startups that can help developers either increase revenues or decrease cost and time taken to deliver on products or services. We look at startups in the real estate, hospitality, office and the retail sector. We hope to add value to the industry and ecosystem through our efforts,” said Nirupa Shankar, Director, Brigade REAP.
The five startups are:
ECOSTP: a ‘zero-power’ sewage treatment technology. Compared to conventional STP’s that consume energy, ECOSTP produces energy. A 200 KLD ECOSTP-based sewage treatment plant can generate 50KL/day biogas, energy equivalent to 25 litres of diesel.
QuickQuotes: an enterprise procurement platform for construction, infrastructure and interiors. With a month on month growth of 100% in GMV since inception, it has over 300 QuickQuotes-trained vendors dealing with a client base of over 150.
Synconext: an IoT-based building workplace technology that does energy monitoring for commercial real estate. It has successfully saved 157K kw/h of energy within an area of 561K sqft.
WeGoT Utility Services: an IoT-based water usage analytics company, which helps track user consumption of water. In more than 2,000 homes, it has saved over 30 million litres of water within the first two years of existence.
Woodzon: an online B2B marketplace for woodworking industry. It has 20,000-plus products with categories ranging over 200 plus.