ADVERTISEMENT

ReNEWate Bags 272K USD in Pre-Seed Funding Round
R

ReNEWate, a deep tech startup, has secured 272,000 USD in a pre-seed funding round from Better Capital. According to the company's statement, it would utilize the fresh funds to ramp up its technology development and offerings to simplify and enhance the end-to-end workflow for property improvement professionals.

On Thursday, a Pune-based contract digitization firm, Renewate Infrastructure Technologies Pvt. Ltd., or ReNEWate (1), has secured 272,000 USD, about two crore INR, from Better Capital. The deep tech startup would use the fresh fundings to expand its product offerings, expedite growth, and develop its technology offerings to simplify and enhance the end-to-end workflow for property improvement professionals. 

Husband and wife duo, Debashree Ghatak and Supratik Ghatak, founded ReNEWate to help millions of renovation contractors, agencies, and property improvement professionals to manage their business digitally. 

While commenting on the latest development, Vaibhav Domkundwar from Better Capital stated that millions of property improvement contractors and professionals are still using obsolete and unproductive practices to run their business. Consequently, they lose time as well as money. 

ReNEWate fills the much-needed gap in this multi-billion industry by digitizing contractors with a mobile-first vernacular-first app that offers simple but robust tools that enable working smarter, added Vaibhav. 

 

ReNEWate to Build its Vision to Save Time and Improve Cash Flow for Real-estate Professionals

Notably, Better Capital is an early investor in several SME digitization innovates, including Khatabook, BharatAgri, Save, Teaching, and others. ReNEWate offers a simple tool to real estate professionals to rapidly convert their clients’ requests into confirmed projects. Moreover, these tools also help the industry to manage their leads and accept digital payments efficiently. 

Since the platform’s operation is highly organized, the ReNEWate app helps contractors save time, grow their business, and improve cash flow. In a statement, Debashree Ghatak and Supratik Ghatak, the founders of the deep tech startup, said they want to remove the joint pain faced by contractors and professionals.

 Several platforms’ contractors are at the base of the pyramid when it comes to education and literacy. Now, it is up to the chain when it comes to offering high-value skill sets. The duo also added that they have found an instant alignment with Better Capital and are glad to have them on board to build-out our vision. 

The deep tech startup has previously received a grant from the Department of Science and Technology, Government of India, for becoming the top Smart 50 startups. It is worth noting that ReNEWate also a part of Asia’s first prop-tech accelerator program, Brigade REAP. 

+ posts

Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Rucha Joshi
Rucha Joshi
Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She's currently working as a content writer and is always interested in a challenge.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Ola Electric announced the acquisition of Etergo BV. Ola Electric has also announced its entrance into the premium electric two-wheeler market

Is Etergo’s acquisition brewing trouble for Investors?

0
Ola Electric Mobility Pvt Ltd had announced (1) the acquisition of Etergo, the Amsterdam-based electric scooters company. Ola Electric aims to leverage the design and...
From a website that only offered menu details to a full-fledged food ordering app, Zomato's rise has been rocking the birth of a new industry.

Zomato Revolutionizing the Food Industry

0
Beginning something like Zomato was out of an experience. One fine morning, Pankaj Chaddah and Deepindar Goyal were in Delhi's office when they saw...
The Indin government had warned Amazon and Flipkart to comply with the new rules and specify the product's country of origin, Amazon was also penalized.

The ‘Country of Origin Rule’ and Why it Matters to India?

0
India's government has fined ecommerce giant Amazon 25,000 INR for not displaying mandatory information, including the country of origin for its products (1). Last...
Stripe, one of the world's leading digital payment players, will soon penetrate Southeast Asia and India to expand its overseas activities.

Is Stripe’s entry to e-commerce Asia a bet on risk or return?

0
The entry of global players such as PayPal, Payoneer, and now Stripe in the Asia Pacific region validates the increasing market opportunity and evolving...
Paytm is also on its path to become a super app and give its users an all-in-one experience by offering a bundle of services.

Paytm Paving into a Super App, Expand its Service Offering

0
Paytm has pulled another conquest when the marketing reckon that it would take a kickback. Earlier, when there was buzz that Paytm is venturing...
The recent discussion now involves a massive data leak that put the information of students, teachers, and much more in crisis for WhiteHatJr.

WhiteHatJr Data Leak Controversy: Unfolded

0
Not too long ago, a live online coding platform for children, White Hat Jr., scripted a dream escape for itself. Byju's, the poster boy...
The story of Ashok Varma could be deemed as the most praiseworthy and controversial story of an ideal mind whose focus was to shift the market.

Meticulous and determined till the end: the story of Ashok Varma

0
Our world has been most captivated by the ideas of extreme players who took the world by storm, some who pulled the stock market...
It has been understood that Google, has been in talks or is in a state of mind to acquire Sharechat, the Indian social media platform.

Is Google taking the right measures to acquire Sharechat?

0
Sharechat has been India's go-to to engage in a short video and take a peek or have fun after the ban of the international...
ADVERTISEMENT