Flipkart co-founders invest in Plabro Networks, a real estate start up

E-commerce player Flipkart's co-founders Sachin Bansaland Binny Bansal, along with other investors, have invested $3,50,000 (about Rs 2.3 crore) in a real estate startup named Plabro Networks.

"In first round of funding, we have raised USD 3,50,000 (about Rs 2.3 crore) from a clutch of investors includingFlipkart co-founders Sachin Bansal and Binny Bansal,"Plabro Networks co-founder said.

Flipkart co-founders have invested in their personal capacity, he added.

Plabro Networks has launched a mobile application 'Plabro' which will connect property brokers enabling them to close the property deals quickly.

Currently, the app is available in Gurgaon and Noida and the company has plans to take it to the other cities. The funds would be used to create a stronger networking ecosystem and expansion.

Real full story: Flipkart co-founders invest in Plabro Networks, a real estate start up