Colombian property tech unicorn Tuhabi to double operations in 2023

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MEXICO CITY, Dec 15 (Reuters) – Colombian property know-how startup Tuhabi expects to double in dimension subsequent yr, betting significantly on progress in Mexico, the corporate mentioned in a launch on Thursday.

The so-called unicorn, a startup with a valuation over $1 billion, mentioned it should finances greater than $250 million to purchase houses in each Colombia and Mexico over the following few months.

Tuhabi permits sellers to promote their house on-line and obtain cost inside 10 days, dashing up the actual property construction in two Latin American international locations the place gross sales can take greater than a yr to finish.

The corporate mentioned it grew five-fold in 2022, following a $200 million funding spherical in Could and receiving $75 million in debt financing in June.

Since its founding in 2019, Tuhabi has purchased from or offered to greater than 26,800 shoppers, the startup mentioned Thursday. Tuhabi faces competitors in Mexico from different proptechs equivalent to Flat.mx and La Haus, which primarily handles new properties. (Reporting by Kylie Madry; modifying by Diane Craft)

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