CBRE-NASSCOM5’s ‘DISRUPTECH 2.0.’ Draws Nearly 400 Startups’ Response 

September 14, 2023 – CBRE South Asia Pvt. Ltd., the leading real estate consulting firm in India, announced the deadline extension for the second edition of its proptech challenge, ‘DISRUPTECH 2.0.’, organized in partnership with NASSCOM. Given the overwhelming response to DISRUPTECH 2.0., the deadline for submission has been extended to September 18, 2023, says a press release issued by CBRE. DISRUPTECH 2.0. has received participation from nearly 400 proptech startups so far. Startups from over 45 cities in India have submitted nominations so far, with Bangalore, New Delhi, and Mumbai collectively accounting for 53% of the total entries. 

Over 42% entries have been submitted so far are in the Fintech category, followed by ESG and Made for India, garnering a 20% share each. Construction tech had nearly 18% of the share in overall submissions. The majority of the fintech startups participation cumulatively have been from Maharashtra & Bangalore, with a 40% share in this category.

The entries for the challenge are divided into categories focused on ESG, Fintech, construction technology and indigenous tech for the local market. This challenge represents a significant opportunity for startups and innovators as they compete for the chance to revolutionize and drive innovation within their respective industries. Winners under these categories will be selected at the end of this initiative and will be recognized and mentored by CBRE experts.

The distinguished panel of jurors has been expanded to include renowned industry veterans and experts from across domains.

• Rajesh Mani, SVP, Head of Asia Pacific Tech Hubs, Mastercard
• Rajneesh Malviya, Senior Vice President, Global Head of Delivery – Financial Services and Head Infosys Pune Development Centre
• Sandeep Dave, Chief Digital & Tech Officer, CBRE
• Apratim Mitra, VP, Head Of D&T India, CBRE
• Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE
• Neelkant Rawal, Head of Strategy, Digital and Innovation, India & Philippines, Wells Fargo
• Ramkumar Narayanan, VP Technology & M anaging Director, VMware
• Anu Acharya, Founder and CEO, Mapmygenome
• Kayzad Hiramanek, Chief Operating Officer, Edelweiss Tokio Life Insurance Co. Ltd.
• Umesh Uttamchandani, Co-Founder & Chief Growth Officer, Dev Accelerator Private Limited
• Ram Chandani, Managing Director, Advisory & Transaction, CBRE India
• Rajesh Pandit, Managing Director, GWS, India & Property Management, Southeast Asia, Middle East, North Africa, CBRE
• Gurjot Bhatia, Managing Director, Project Management, India, Southeast Asia, Middle East & Africa, CBRE

To culminate the challenge and announce winners, the grand finale will be held in October 2023 in Mumbai. DISRUPTECH 2.0 winners are in for a comprehensive array of rewards and recognition, including access to real estate angel funding, participation in the CBRE Global Start-up program, opportunities for proof of concept (POC) collaborations with CBRE clients, access to the NASSCOM start-up Ecosystem, mentorship with experienced investors, and valuable marketing support from CBRE Advisory. 

Speaking on the occasion, Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE, said, “India is emerging as a hub for proptech startups, and we are thrilled to witness extensive participation from 42 cities across the country, including unexpected cities such as Madurai, Kozhikode and Malappuram, among others. Our partnership with Nasscom for the second edition of DISRUPTECH 2.0, India’s largest proptech challenge, is aimed at enabling startups to revolutionize the industry with their innovative solutions. CBRE is proud to be a part of this transformative journey while they unleash their innate potential by offering our support, resources, and mentorship to these trailblazers, ultimately contributing to the evolution across industries. The remarkable interest in this challenge can be attributed to the pressing need for disruptive solutions in critical sectors like Fintech, ESG and Construction Technology. Startups recognize the value of the platform we’ve created, which not only offers recognition but also tangible support, access to funding, and mentorship opportunities.”