Founder Vinod Podar is seen pitching his Bangalore/New Jersey-based Startup Propadis – a technology-enabled property management platform that caters to customers owning an India property and builders who want to market their India properties to people living abroad. It targets property owners overseas (NRI’s) and those living in India.
In the B2C space it works with a blended business model – fixed yearly fee per property for key services rendered plus commission on rental/sale transactions while in the B2B market, it works on a cost plus commission model for builder properties sold.
“To start off, we want to help over 200 million with properties get a good nights sleep, by managing their India Properties through a tech platform & a network of partners,” says Vinod.
The 10-month old Startup has 3 Founders. Vinod has worked at companies like Trilogy, Sapient and EY and has scaled a technology company in the past.
The Startup claims to have 40+ paid customers, completed 80+ transactions, has 80+ properties in its roster and is generating revenue. It currently serves 6 Indian cities – Bangalore, Mumbai, Pune, Chennai, Hyderabad, Kolkata.
