New Delhi, Jan 5 (PTI) Proptech firm Blox on Friday said it has acquired a controlling stake in real estate brokerage firm Justo.

Established in 2020, Blox is an AI-enabled real estate service provider that ensures seamless home-buying experiences.

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In a statement, Blox said it has acquired controlling stake in Justo. The company did not disclose the deal value.

Sources said the deal has been struck at an enterprise value of Rs 350 crore.

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Aditya Jhaveri, Founder and CEO, Blox, said this strategic acquisition signifies its commitment to expanding its footprint across India and democratising cutting-edge AI technology for all stakeholders in the real estate buying and selling journey.

The Blox group, now including Justo, aims to capture approximately 10 per cent market share of primary real estate across the top-seven real estate cities in the next 12-18 months.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)