Technology-based real estate buying platform Blox has raised $12 million or nearly Rs 100 crore in a series A funding round - the largest in the proptech sector in India. This funding round was backed by its existing investors from Silicon Valley, new strategic investors and angels including Kunal Shah, founder of CRED.

The company is planning to utilize the funds raised for market expansion, boosting the product portfolio, and building data infrastructure across customers, brokers, and developer segments. 
 
Blox is a fully integrated online real-estate service that allows customers to make their home-buying experience as seamless as possible. It provides instantaneous site visits along with complete transparency and convenience through its comprehensive home-buying experience. It assigns a relationship manager to every homebuyer to assist with virtual and physical site visits across the city. 
&nbsp;

Blox, India&rsquo;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.&nbsp;

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.

Blox&rsquo;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.

Technology-based real estate buying platform Blox has raised $12 million or nearly Rs 100 crore in a series A funding round - the largest in the proptech sector in India.