September 4, 2024: In a strategic move to broaden its footprint in the real estate finance sector, Arbour Investments has committed $7 million to Justo Realfintech, a leading player in the mid-market developer segment.
Justo Realfintech plans to leverage this capital infusion to enhance its service offerings and strengthen its position in the market, with a particular focus on mid-sized property developers.
The collaboration between Arbour Investments and Justo Realfintech is expected to be mutually beneficial. Arbour will gain a competitive edge by integrating Justo’s expertise in the mid-ticket property segment, thereby expanding its service portfolio.
“Justo’s expertise and market presence provide us with an unparalleled opportunity to diversify our portfolio and enhance the value we deliver to our clients. We are confident that this partnership will drive significant growth and innovation in the sector,” said Chirag Mehta, Founder of Arbour Investments.
Justo Realfintech promising pipeline of Rs. 17,000 Crores
The company claims have delivered over 9,000 units, generating sales exceeding Rs. 6,000 crores. Currently, its executing projects worth Rs. 3,500 crores, with a promising pipeline of Rs. 17,000 crores.
As part of the deal, Chirag Mehta and Priyesh Chheda, both co-founders of Arbour Investments, have joined Justo Realfintech’s Board of Directors. Their roles are expected to bring strategic oversight and industry insights, further strengthening the partnership between the two companies.
In addition to the financial investment, Arbour aims to leverage this partnership to boost its technological capabilities, improve its market positioning, and expand its client base.
Pushpamitra Das, Founder and Director of Justo Realfintech, expressed optimism about the future, stating, “With Arbour’s financial backing and strategic insights, we are poised to accelerate our growth trajectory, expand our market presence, and continue delivering exceptional value to our clients.”
This latest investment is structured with $5 million allocated as equity and an additional $2 million in debt.
