Equity Address, a fintech platform for second home ownership, aims to raise $2.5 million by offering a 20 percent stake to strategic investors. The parent company, Equity Address Private Limited, operates two brands: Equity Address, a tech-enabled marketplace for real estate co-ownership, and The Venya, a global holiday home rental platform. Discussions are underway with venture capital firms and angel investors to close the funding round in the next two to three months. The investment will primarily be used for asset acquisitions, while Venya manages over 400 homes across 22 countries. The market for second homes is expected to exceed $4 billion by 2026.
Equity Address, a pioneering fintech platform catering to second home ownership and investments, is currently engaged in negotiations to secure an impressive $2.5 million in funding. In exchange for a 20 percent stake in the company, the management is seeking strategic investors who can contribute to its visionary aspirations. Under the umbrella of Equity Address Private Limited, the parent company oversees two distinctive brands. The first, Equity Address, harnesses cutting-edge technology to revolutionize the co-ownership experience of real estate in second homes. The second, known as The Venya, operates as a dynamic marketplace, facilitating the seamless rental of holiday homes worldwide.
Mohit Gupta, the esteemed Co-founder and CMO of the organization divulged that the company has already initiated discussions with prominent venture capital firms and angel investors. Moreover, they remain open to further conversations and applications to finalize the initial funding round. The aim is to secure the investment in a single tranche within the next 2-3 months. Gupta emphasized the transformative potential of recent regulatory developments, as SEBI, the esteemed market regulator, has recognized and validated the fractional investment model within the Indian real estate industry. This regulatory affirmation is poised to bolster investor confidence, thereby attracting substantial capital inflows into this innovative asset class.
Equity Address has already been entrusted with a mandate of USD 5–10 million from real estate developers in India, empowering the platform to offer a marketplace that caters to individuals from the mid-and high-income segments across the country. The raised funds will be primarily allocated towards asset acquisitions, while a portion will be dedicated to sustaining the operational expenses of the venture. Venya, the company's distinguished property management platform specializing in holiday homes, has garnered exceptional success since its launch in February 2022. Presently, it boasts a portfolio of over 400 homes spread across 22 countries. Moreover, an additional 200 luxurious villas are in the pipeline, contributing to the exponential growth of revenue on a month-to-month basis.
The market for second homes and retirement villas is experiencing remarkable growth, with an estimated value of USD 1.394 billion in 2021. By 2026, this figure is projected to surpass USD 4 billion. The industry is currently enjoying a robust compound annual growth rate (CAGR) of 23.6 percent, and this positive trajectory is anticipated to further accelerate in the post-pandemic era, unlocking new avenues of opportunity.
Equity Address revolutionizes real estate co-ownership, enabling more individuals to own and benefit from second homes. Their properties are strategically located in desirable vacation markets, offering long-term returns through rental income, tax advantages, and appreciation. With a direct ownership interest, Equity Address ensures a transparent and secure investment experience. By partnering directly with investors, they provide the confidence and support needed to make informed decisions. Whether seeking a second home or an investment opportunity, Equity Address offers a modern and accessible approach to property ownership.
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