Our Cohort #2 Portfolio Startup VirtSpaces Private Limited Wins HOT 1OO: RACE TO GRACE 2017 Award

Mumbai, India – March 15, 2017 – Amidst a gathering of eminent CIOs, angel investors, industry stalwarts, VCs, and corporate heads, VirtSpaces Private Limited has been recognized with HOT 1OO: RACE TO GRACE 2017 Award, which champions innovation and enterprise.

Hemanth Velury (in the center), CEO, VirtSpaces Private Limited, receives the HOT 100 Award from Milind Khamkar (left), Group CIO, Super-Max World, and Poyni Bhatt (right), Chief Operating Officer, SINE – IIT Bombay.

In Pic: Hemanth Velury (Co-founder & CEO, VirtSpaces Private Limited)

This was the third edition of the Hot 100 Awards, which honor startups providing unique and disruptive technology solutions that work, deliver real benefits, are innovative and potentially address the market at large. This year saw a significant number of entries and the 23 jury member panel was hard pressed to select the winners whose creative use of technology made them stand out. Entries were received from a wide array of fields, from Cloud and Data Analytics to Healthcare, Education, Social Media, eCommerce, IoT, and BFSI, among others.

Winners of the HOT 1OO: RACE TO GRACE 2017 Awards were determined by public voting coupled with scores from an eminent pan-India jury panel. The panel comprised industry stalwarts—CIOs, Investors, Analysts, Commentators and Industry Leaders — who allocated scores and basis their expertise and finalized the winners. Selection is made by evaluating the startup’s technological innovation, team strength, opportunity size, and product value proposition. The HOT 100 Awards are a celebration of the entrepreneurial spirit, and seek to recognize and reward India’s most dynamic enterprise-focused startup businesses. Having earned this validation and honor, startups have a platform through which they can introduce their company to the world.

HOT 1OO: RACE TO GRACE 2017 Awards were presented to 100 innovative startups.

“Through the Hot100 Awards we have curated the most validated, trustworthy and promising technology startups in the country,” said Anoop Mathur, Founder & President, Centre Of Recognition & Excellence. “This is done with the help of the CIO community, Angel Investors and the ICT Ecosystem Mentors. I’m very excited for the winners who demonstrated innovation and excellence, with outstanding achievements. I congratulate them on winning this elite tag.”

VirtualSpaces is a Mobile Virtual Reality app that is providing visualization solutions for the Real Estate Industry in the “yet to- be-built” property space. For Real Estate Developer, the advantages are:

Using our product the sales cycle for the Real Estate Developer comes down.

Take the property to the buyer instead of the buyer coming to the site.

Safe, secure way to protect the design copyright.

VRaaS (Virtual Reality as- a-Service): a Cloud-based platform to send content Over The Air.

We help the customers of Real Estate Developers by:

Get a sense of Scale, Size, Height & Depth

The customer doesn’t have to spend time in traffic on his/her weekends looking at properties.

VirtualSpaces is humbled to have been bestowed with the 2017 Hot100 Award and to be a part of this elite group. This helps us in striving harder to be a success and to give back to the Indian startup ecosystem says Abhijeet Naik, the CTO of VirtualSpaces.

KPMG is the knowledge partner for HOT 100 2017.

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