Aurum Proptech Ltd. said its board approved an investment of $5 million in TheHouseMonk, a business-to-business (B2B) Software-as-a-Service (SaaS) startup in the real estate industry.
Launched in 2019 by Ajay Kumar and Balaji Varadharajan, TheHouseMonk’s technology platform helps property managers and landlords monetise, maintain and manage their rental portfolio. It has a portfolio of 100 clients across 15 countries.
The deal is one of the series of investments Aurum has been making into proptech startups in India, since property developer Aurum Group bought a promoter’s stake in what was earlier known as Majesco.
