TEAL's analytics tools organize and provide real-time data on individual real estate properties to banks, mortgage companies, and transacting parties. It has data on 50 million properties, currently, across 52 cities.
The funds will be used to grow its data engineering capabilities, increase geographical coverage, and provide better analytics-based insights to its customers.
We are building India's first digital title verification system, akin to a CIBIL for properties. Just as CIBIL dramatically transformed the process of personal lending in India, simplifying a series of otherwise manual, messy procedures to do due diligence on an individual before giving a loan, we are aiming to do the same for the property.