Delhi-based property technology startup HouseEazy has raised USD 7 million in Series A funding led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler. The company plans to use the funds to drive growth in new National Capital Region (NCR) geographies, expand its footprint, enhance its products, and support team expansion. With a presence in Noida, Ghaziabad, and Gurgaon, HouseEazy aims to further expand its reach to cities like Pune, Mumbai, and Bengaluru. HouseEazy's platform utilizes machine learning to provide real-time pricing for sellers, enabling instant transactions at optimal prices, and offers comprehensive services for real estate resale needs.
Delhi-based property technology startup HouseEazy has announced that it has raised USD 7 million in Series A funding. The latest funding round was led by Chiratae Ventures and included participation from Alteria Capital and existing investor Antler. This Series A round represents the company's first significant fundraising after an initial seed round in December 2023.
HouseEazy plans to use the new funds to drive growth in new National Capital Region (NCR) geographies, expand its footprint, enhance its products, and support team expansion. The company's co-founder, Tarun Sainani, stated that HouseEazy has "completely re-engineered the process" for real estate resale transactions, enabling customers to buy or sell homes in under 15 days on the platform.
HouseEazy's platform utilizes a proprietary machine-learning algorithm powered by over 1.5 million data points to provide real-time pricing for sellers, enabling instant transactions at optimal prices. Sellers can conclude their transaction instantly at the best price, eliminating multiple meetings and negotiations. For buyers, it helps gain access to an inventory that they can shortlist from the comfort of their home with the help of AR/VR tools such as virtual staging and 3D walkthroughs.
The platform also offers mortgage, legal, and registry facilitation services, providing a comprehensive solution for all resale property needs. Currently, HouseEazy has a presence in the cities of Noida and Ghaziabad, with a recent expansion into Gurgaon.
The company plans to further expand its reach to cities like Pune, Mumbai, and Bengaluru. Co-founder Deepak Bhatia stated that HouseEazy has already achieved a Gross Merchandise Value (GMV) Annual Recurring Revenue (ARR) of INR 425 crore and expects to reach INR 1,800 crore GMV ARR in the next 15-18 months from the NCR market alone. Bhatia believes the company's potential is to become "bigger than many pan-India developers" as the secondary real estate market is twice the size of the primary market, with little competition and a significant customer need gap across geographies.
Advertisement
Facebook
Whatsapp
