JLL, an international property consultancy, and 1Crowd have invested $500,000 in Zipgrid. This is JLL Tech Ventures’ third investment, which zeroes in on residential property and asset management.

JLL India, an international property consultancy, announced an investment in Zipgrid, a technology and knowledge services provider, in the community management space.

This marks the closure of Zipgrid’s pre Series-A round of $500,000. It is also JLL’s third investment by its JLL Technology Ventures platform, a dedicated vertical for making investments in real estate technology firms. The round saw active participation from Zipgrid's current investors, represented by the 1Crowd platform.

“The asset management space is transitioning into a managed services model where technology is starting to play a major role,” said Anuj Nangpal, Head - JLL Technology Ventures.

Jaydip Popat, Co-founder - Zipgrid said: “We intend to combine our technology and management solutions with JLL’s network and understanding of this space to improve living experiences in communities, while bringing significant economic benefits to residents. We are also thankful to 1Crowd for their continued support and participation in this round. It is a significant vote of confidence for us.”

While Natasha Kothari, Co-founder - 1Crowd said, “1Crowd's start-up ecosystem supports companies such as Zipgrid that are using technology and knowledge to bring efficiency and convenience to all. Zipgrid is on a strong growth trajectory and has made significant progress since the time we made our investment last year. In this heavily fragmented market, Zipgrid has managed to provide systemic efficiency to the housing and commercial communities."

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