Real estate platform Blox acquires 11% stake in Guardians

Quick Summary:

The company plans to enhance the homebuying process and establish India’s first platform supporting both D2C and broker-led B2B2C sales.

The company said that Blox's future plans include growing the company's GTV 5X to $10 billion over the next three-five years.

Projecting an EBITDA profitability of 20-30%, it plans to get investor interest and pave the way for a potential IPO, the company added.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: India

Topics: Platform Policy Estate Process India’s Plans Privacy Blox Company Real Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 09:25:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 223 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23568772

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