Blox buys 11% stake in Guardians for $12M, aiming for 50% ownership to boost tech in real estate.

Digital platform Blox acquired an 11% stake in real estate firm Guardians for $12 million, with plans to raise its ownership to 50% within three years. Blox, founded in 2020 and backed by $35 million in investments, aims to grow its annual sales to $10 billion. Guardians, founded in 2016, has sold 23,000 units in Mumbai. The acquisition combines technology with traditional brokerage to enhance the real estate buying process in India.

November 12, 2024
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