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Blox acquires strategic stake in Guardians to build real estate platform with dual D2C and B2B2C model

Blox Blogs
Nov 13, 2024
5 mins read
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Blox Blogs
Nov 13, 2024
5 mins read

Blox, India’s leading digital real estate platform, has acquired an 11% stake in Guardians for $12 million, with plans to increase its ownership to 50% over the next three years. This acquisition solidifies Blox and Guardians as India’s largest real estate seller, managing annual sales of approximately 25,000 homes with a consolidated Gross Transaction Value (GTV) of $2 billion in the primary residential market.

Looking ahead, Blox is set to grow its GTV fivefold to $10 billion over the next 3-5 years, aligning with the rapid expansion of India’s real estate market, which is projected to exceed $1 trillion by 2030. As India’s first platform to combine Direct-to-Consumer (D2C) and Business-to-Business-to-Consumer (B2B2C) models, Blox is positioned to transform the way developers, brokers, and buyers interact in the real estate space.

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Nov 13, 2024
Proptech startup Blox buys strategic stake in Guardians for $12 million

Proptech startup Blox has acquired an 11% stake in the real estate firm Guardians for $12 million, with plans to increase its ownership to 50% over the next three years.

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Nov 13, 2024
Blox and Guardians - Mumbai Real Estate Broking Market Gets into Consolidation Mode

Blox’s acquisition of a stake in Guardians symbolizes a much-needed professionalization in the real estate sector. By consolidating two highly reputed entities, this partnership introduces a new paradigm that leverages digital technology and in-depth market knowledge to provide a seamless, efficient experience for clients.