Proptech startup Propdial raises Rs 1 crore via debentures

New Delhi: Propdial, a Gurugram-based proptech startup, has raised Rs 1 crore by way of compulsory convertible debentures, as part of a larger Rs 2-2.5 crore round.

The fresh capital will be used to grow Propdial’s local business and expansion across India. The company, which helps people manage property remotely, had raised seed funding earlier this year. A larger funding round is planned for January-March 2022.