Dreams Redeveloped (Round Closed)
Bharat’s Redevelopment Ecosystem for Green and Sustainable Transformation
Official Website
Reports and Documents
₹ 3Cr.
Total Round Size
OCD
Mode
₹ 1Cr. – 3Cr.
Open for SAN Angels
₹ 60Cr.
Valuation (pre-money)
About the Opportunity
Company Overview
- Imagine a young couple in their mid-20s in 1980s/ 1990s purchasing a house on the 3rd floor which didn’t have a lift, or parking (since those were not essential for that time) but their youth and energy didn’t mind these things. Cut to 2020s the same couple is a Senior Citizen and no lift /no parking makes it extremely difficult to survive in such old buildings. If you relate to this, the Dreamsredeveloped is the platform to Transform these buildings completely.
- Opportunity to invest in a niche & revolutionary Proptech startup which takes technology into the hands of the Senior / Middle-aged Citizens staying in old buildings and are pained by the absence of lifts, absence of parking, increasing maintenance cost, non-availability of modern amenities but are also fearful of embarking on the legal process of Redevelopment. They are also equally clueless about good Architects/ Lawyers/ Developers who can be trustworthy and will give back their hard-earned House.
- A Transparent platform helping Citizens in navigating through this complex and unorganised process of Redevelopment is at the core of Dreamsredeveloped. It is assisted by an AI chatbot for Redevelopment and a Forum for answering queries regarding Redevelopment for Citizens to make them aware of the next processes and avoid pitfalls in Redevelopment.
- Cutting-edge technology to scale the business by providing a complete digital advisory via web. The revenue model is by charging for Services to Owners of Flats/ Land in advance and success-based fees for developers.
- Presently in Pune, Dreamsredeveloped is built to become a Pan-Bharat Platform helping Citizens in any tier city requiring help with the Transformation of their Home.
Founders
- The leadership team consists of three CA’s Founder and Co-Founder (1st Attempt), another CA and one Architect.
- The other two CA’s – one is a Co-founder and another heads Execution/ Product Development.
- The founder has a rich experience background of working with Stock Exchanges, Power Exchanges, NBFCs and start-ups. An alumnus of ISB. This venture was born out of his self-experience of going through Redevelopment of his own building.
Revenue Model
- B2B2C, B2C: Providing Services to Cooperative Housing Societies/Apartments/ Plots for their Development/ Redevelopment.
- B2B: Onboarding of Developers/ Architects/ Lawyers on the platform and enabling them to get projects through the Platform.
Market Opportunity and Traction
- 2000+ Users, 322 Societies, 60+ Developers, 40+ Architects, 110+ Lawyers in single location Pune.
- 106 Feasibility reports serviced, 40+ Bids run, 200+ Bidding clients serviced expected to deliver INR 16Cr in FY 2024-25.
- 5 Locations till 24-25 to be expanded.
- AI + Forum + Advisory is the big pull leading to Feasibility reports and Bidding. Profiles of Developers/ Architects/ Lawyers to be made the next big pull.
Previous Rounds Details
- Family & Friends + India Accelerator: INR 1.4Cr at 30Cr Valuation
Current Round Details
- Total Round Size: INR 3Cr.
- Open for SAN Angels: INR 1Cr – 3Cr.
- Minimum Ticket Size: INR 5Lakhs and USD equivalent.
- Valuation: INR 60Cr (pre-money).
- Mode (OCD / Equity): OCD.
- Details of commitment received for this round: SAN has been approached first.