Teal India Company Profile

Background

Teal India, established in 2018 and headquartered in Bengaluru, Karnataka, specializes in digitizing property due diligence processes for home loans and mortgages. The company aims to streamline and enhance the efficiency of real estate transactions by providing comprehensive, real-time property insights.

Key Strategic Focus

Teal India's strategic focus centers on:

• Digital Property Due Diligence: Offering a unified platform that integrates various tools to facilitate efficient property assessments.

• Comprehensive Data Integration: Aggregating data from over 900 government sources, including ownership records, land records, municipal property tax records, litigation information, RERA, Indian Bank's auction properties, and CERSAI.

• Rapid Report Generation: Delivering Digital Property Search Reports (DPSR) within approximately 15 minutes, enhancing decision-making speed for clients.

Financials and Funding

Teal India has secured a total funding of $2.7 million through two funding rounds:

• Seed Round (November 2019): Raised $706,000.

• Early Stage VC (April 2022): Secured $2 million.

Notable investors include Info Edge (India) and Omidyar Network India.

Technological Platform and Innovation

Teal India's technological innovations include:

• Machine Learning Program (MLP): An in-house developed program that constructs a digital, real-time database of property-related records.

• Data Aggregation: Compiling information from over 900 government sources, translated into English for accessibility.

• API Integration: Offering services that can be connected via APIs to clients' Loan Origination Systems (LOS) or accessed through a provided frontend, ensuring flexibility in implementation.

Leadership Team

• Kshitij Batra: Co-Founder and Chief Executive Officer.

• Rohan Shridhar: Co-Founder and Chief Operating Officer.

Competitor Profile

Market Insights and Dynamics

The real estate technology sector in India is experiencing significant growth, driven by increasing digitization and the need for efficient property transaction processes. The demand for streamlined property due diligence solutions is on the rise, presenting opportunities for companies like Teal India.

Competitor Analysis

Key competitors include:

• NestAway: A property management company offering rental solutions, founded in 2015 and headquartered in Bengaluru.

• NoBroker: A real estate platform facilitating property transactions without brokers, established in 2014 and based in Bangalore.

• PropTiger: A real estate advisory firm providing end-to-end services, founded in 2011 and located in Gurgaon.

Strategic Collaborations and Partnerships

Teal India has established partnerships with over 20 banks and Non-Banking Financial Companies (NBFCs) across India, enhancing its market reach and credibility.

Operational Insights

Teal India's competitive advantages include:

• Rapid Report Generation: Delivering property insights within approximately 15 minutes.

• Comprehensive Data Coverage: Accessing information from over 900 government sources.

• Flexible Integration: Offering API connectivity to clients' existing systems, facilitating seamless adoption.

Strategic Opportunities and Future Directions

Teal India is poised to capitalize on the growing demand for digital property due diligence solutions by:

• Expanding Data Sources: Continuously integrating new data to enhance report accuracy.

• Enhancing Technological Capabilities: Investing in advanced machine learning algorithms to improve data processing.

• Broadening Market Reach: Strengthening partnerships with financial institutions and exploring new market segments.

Contact Information

• Website: Teal India

• LinkedIn: Terra Economics and Analytics Lab

• Twitter: @terraeconomics