Teal provides a digital platform for property due diligence that integrates legal title verification, document extraction, and workflow digitization, streamlining the process for banks and housing finance companies. By consolidating over 200 million property records and 500 million documents, Teal reduces manual dependency and accelerates turnaround times in real estate transactions.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional property due diligence processes are slow, manually intensive, and rely on disparate data sources, leading to inefficiencies and delays in real estate transactions. Banks and housing finance companies face challenges in quickly and reliably verifying legal titles and extracting relevant information from physical documents.
Solution
Teal provides a digital platform that streamlines property due diligence by integrating legal title verification, document extraction, and workflow digitization. The platform consolidates over 200 million property records and 500 million documents, offering a unified solution for accessing and analyzing property-related data. By automating key processes and providing a centralized repository of information, Teal reduces manual dependency, accelerates turnaround times, and improves the accuracy of due diligence assessments. The platform delivers 360-degree property insights, enabling financial institutions to make informed decisions and expedite real estate transactions.
Target Audience
Teal primarily serves banks and housing finance companies in India seeking to digitize and streamline their property due diligence processes.
Features
- Legal vetting: Property title verification and legal opinion from a network of lawyers.
- Document extraction: Extraction of non-digitized documents from various government authorities.
- Document logistics: Vetting of original documents and document pickup/delivery services.
- Workflow digitization: Transformation of the entire due diligence process to a digital-first platform.
- Access to over 200 million unique properties and 500 million documents.
- Integration with existing ecosystems via API.