ClientIndianRealtyExchange
Background: IndianRealtyExchange & LIFTOFF founders go back many years. IRX as it was popularly know aggregates real estate brokers and tags them to the properties they were managing. Both founders have been in discussion through the period IRX was being conceptualized, developed and evolved. Quips LIFTOFF founder Nishant, that the first time we discussed the idea, at a Starbucks it was difficult for us to understand how IRX will evolve. As the concept sprung to life, Nishant was all praise for Vikram derived from the initial idea.
Situations: Setting up a new startup is always full of challenges. Getting a team together, looking for ideas and funds the story of strong startups like IRX who usually fall into the underrated category. With a very capable team, brought together by the idea and getting all check boxes ticked on the tech and performance side the going remains tough. The overall impact from the downfall of a well funded real estate through 2015 meant no funds reached realty startups.
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