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. This acquisition positions Blox to achieve a fivefold increase in Gross Transaction Value (GTV) to $10 billion within 3-5 years, in line with India&rsquo;s rapidly expanding real estate market, projected to surpass $1 trillion by 2030.

Together, Blox and Guardians manage annual sales of approximately 25,000 homes, with a combined GTV of $2 billion in the primary residential market, according to a company statement. 
 
Founded in 2020 by Aditya Jhaveri and Shivani Karia Jhaveri, Blox combines advanced AI with a broker-led B2B2C model to allow homebuyers to purchase properties entirely online. The company has raised $35 million to date from investors including Kunal Shah (founder of CRED) and Justin Mateen (co-founder of Tinder).

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.

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.