Agya Ventures does not compete directly with the companies it invests in, but Lunawat discussed the competitive landscape within proptech verticals relevant to his portfolio. He noted that WeWork, founded by Adam Neumann, created the coworking category in office real estate and scaled it globally. Lunawat cited WeWork's total capital raised of $20.6 billion and its market capitalization of approximately $8.5 billion at the time of the interview as context for the scale of capital deployed in the proptech category. These figures were stated by the host and affirmed by Lunawat in the conversation; they are not Agya Ventures figures and are not confirmed by WeWork directly in this interview.
Within the residential proptech space, Ruumr portfolio founder Jordan Allen previously built Stay Alfred, a short-term rental company that Lunawat said scaled to $100 million in revenue before shutting down during the pandemic. This figure was stated by Lunawat describing a portfolio founder's prior company and is not a confirmed Stay Alfred financial disclosure.