Blox Expands Stake in Guardians: A New Era for Indian Real Estate
Digital real estate platform Blox has acquired an 11% stake in real estate brokerage firm Guardians for USD 12 million, aiming to increase its ownership to 50% over three years. The partnership aims to revolutionize the Indian real estate sector by combining technology with market expertise for seamless transactions.
- Country:
- India
In a strategic move to revolutionize the Indian real estate market, digital platform Blox has purchased an 11% stake in real estate brokerage firm Guardians for USD 12 million. The company plans to expand its ownership to 50% within three years.
Blox, co-founded by Aditya Jhaveri and Shivani Karia Jhaveri in 2020, aims to combine cutting-edge technology with broker-led business models to transform the homebuying experience. The acquisition positions Blox and Guardians as the largest real estate seller in India, managing annual sales worth USD 2 billion.
Supported by USD 35 million in investments from notable figures like Kunal Shah and Justin Mateen, Blox seeks to grow its Gross Transaction Value to USD 10 billion in 3-5 years, offering unprecedented reach and flexibility to developers.
(With inputs from agencies.)
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