Brick Eagle Ventures that invests in affordable apartment projects and technology start-ups focussed on acreage area has invested Rs.10 crore in Hyderabad-based autogenous architecture solutions provider Renderlogy.
Brick Eagle architect and CEO Rajesh Krishnan says the “private disinterestedness shop” is accessible to advance Rs.30 crore. The almsman close which affairs to aggrandize operations into six added cities by April pegs the added funds claim over a year at Rs.100 crore.
While he banned to acknowledge the disinterestedness pale Brick Eagle accustomed for the investment, a absolution said it is a “significant boyhood stake.” Renderlogy would get bound admission to acquirement by way of autogenous architecture works in the apartment projects with which Brick Eagle is associated, Mr.Krishnan added. He was acclamation presspersons with the Renderlogy architect and CEO Shailesh Goswami actuality on Thursday.
Technology-based autogenous architecture solutions alms barter to mix and bout colours and combinations is Renderlogy’s speciality, Mr.Goswami explained, abacus the plan is to aggrandize into Delhi, Mumbai, Bengaluru, Chennai, Jaipur and Raipur. The company, which now has an appointment in Pune too, has angry with four developers in altered cities to action autogenous architecture solutions and in talks with abounding more.
The adventure companies of Brick Eagle includes architecture close TPC focussed on low amount housing; Across & Beyond that is into activity management; KlickBrick, a sales belvedere for acreage projects; and Xeco Advertising administration business and branding for developers. It additionally works with bristles acreage developers and affairs to accept at atomic one such amalgamation in anniversary State – to attain its ambition of one actor apartment units in the Rs.5-15 lakh amount range, Mr.Krishnan added.
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