HDFC Capital Advisors Invests in Real Estate Tech Firm TruBoard

HDFC Capital Advisors has acquired an 8.5% stake in TruBoard Technologies, which offers a real estate asset management platform, TruGenie. This move aims to boost technology enhancements and market reach. TruGenie is already used by leading private banks and real estate funds.

HDFC Capital Advisors announced on Monday the acquisition of an 8.5% stake in TruBoard Technologies Pvt Ltd. The investment is part of HDFC's H@ART initiative, which focuses on technology companies that enhance efficiencies within the real estate sector.

TruBoard's technology platform, TruGenie, is designed for real estate asset management, catering to investors, asset owners, and developers. The platform is currently being utilized by top private banks and real estate funds.

HDFC Capital's Managing Director and CEO, Vipul Roongta, stated that this investment underscores the firm's commitment to fostering technological innovation within the industry. TruBoard Co-Founder, Vipul Thakore, noted that the investment validates their vision and highlights the value their technology brings. The partnership aims to accelerate technology upgrades, extend market reach, and ensure robust infrastructure and customer support for sustained growth.

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