News on Medial

MC Exclusive | Arbour Investments picks up a stake in prop-tech firm Justo Realfintech for $7 mn

Money Control · 11m

Arbour Investments has acquired a "significant" minority stake in property technology firm Justo Realfintech for $7 million, with $5 million in equity and the rest in debt. The investment unlocks synergies with Arbour's existing and future investments. As part of the deal, Arbour's founders, Chirag Mehta and Priyesh Chheda, have joined Justo's board of directors. Justo focuses on the mid-ticket-size property segment and operates primarily in Pune and the Mumbai metropolitan region, providing market intelligence, negotiation support, and sales partnerships for real estate projects. Arbour Investments has signed term sheets for investments totaling around Rs 350 crore ($47 million).