Verified employee & interview reviews

CRE Matrix Reviews

Mumbai, Maharashtra

—/ 5

0 reviews

CRE Matrix, legally incorporated as Bhugol Analytics Private Limited, is a prominent Indian proptech and data analytics firm specializing in real estate intelligence. Founded in March 2016 by real estate researchers Abhishek Kiran Gupta (who serves as CEO), Abhishek Tiwari, and Kumar Saurav, the company was established to address long-standing challenges in the Indian real estate sector, such as fragmented databases, unauthentic information, and lack of transparency. Headquartered in Powai, Mumbai, the firm has grown into one of India's largest custodians of registered real estate information, utilizing proprietary machine learning algorithms and deep analytics to transform raw, multi-source data into actionable market insights. The core offering of CRE Matrix is its cloud-based analytics platform, which caters to both the commercial and residential real estate sectors. For commercial real estate, including office, retail, and warehousing spaces, the platform tracks critical variables across major Indian cities, such as occupancy rates, leasing activity, gross absorption, supply pipelines, and precise pricing details (ranging from capital values to car parking charges). In the residential segment, it monitors sales velocities, project completion timelines, buyer demographics, and developer performance, primarily focusing on primary and resale markets in major urban centers like Mumbai and Pune. By collecting and analyzing authentic data from registered lease and sale agreements, the platform enables stakeholders—including institutional investors, developers, landlords, brokers, lenders, and tenants—to conduct asset comparison, micro-market analysis, property benchmarking, and predictive real estate forecasting to guide complex negotiations and strategic decision-making. Financially, CRE Matrix operates as a private, venture-backed enterprise. The company has raised approximately $1.01 million in funding across multiple rounds. A significant milestone occurred in March 2022 when India Sotheby’s International Realty (ISIR) acquired a minority equity stake in the firm for INR 5.5 crore, creating a strategic partnership aimed at developing big data, deep learning, and natural language processing (NLP) tools to enhance property advisory and transactional services. As of recent disclosures, the company's founders maintain a majority ownership stake of approximately 58.8%, with the remainder distributed among institutional funds, enterprise partners, and angel networks. Operationally, the firm employs a team of roughly 117 to 182 professionals and generates annual revenues estimated between INR 10 crore and INR 50 crore. Its extensive client roster features major global and domestic industry names, including WeWork, CBRE, Knight Frank, Blackstone, and various members of developer associations like CREDAI. Through products like its "CRE Lease Matrix" lease administration software, the company continues to expand its footprint, tracking millions of square feet and thousands of projects across more than 1,500 micro-markets in India.