HouseEazy, raises $1mn seed funding led by Antler
HouseEazy, the vertical marketplace specializing in resale homes, has successfully raised $1 million in seed funding, with leading investment support from Antler. Other significant contributors to this funding round include India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, and noteworthy industry figures such as Pirojsha Godrej (Executive Chairperson at Godrej Properties) and Sandeep Aggarwal (Founder at Droom), as announced by the company.
In pursuit of fostering trust, transparency, and convenience within secondary real estate transactions, HouseEazy is diligently constructing a full-stack, data-driven technology platform. This platform aims to offer optimal prices to sellers while providing buyers with meticulously title-checked, refurbished, and ready-to-move-in homes, ensuring an unparalleled user experience.
HouseEazy’s founders, Tarun Sainani and Deepak Bhatia, each contributing over 25 years of combined experience in the real estate industry, previously collaborated at Godrej Properties. The infusion of $1 million in seed funding aligns with the broader trend of proptech companies receiving substantial financial support. According to data from Housing.com, proptech firms have accumulated $4 billion in funding since 2009, catalyzed by the accelerated adoption of technology in the real estate sector, particularly since the onset of the COVID-19 pandemic.
Notable instances of funding in the proptech domain include NoBroker.com securing $210 million in November 2021, achieving a unicorn valuation of $1 billion. PropShare, in June of the preceding year, raised $47 million, with support from investors such as WestBridge Capital. Furthermore, HDFC Capital-backed proptech firm Reloy secured nearly $1 million in June this year for business expansion. Real estate advisory services provider, Property Pistol, successfully raised Rs 45 crore, with contributions from investors including ICICI Bank and Baring Private Equity Partners. Additionally, property title search engine Landeed secured $8.3 million for business expansion.
If you are a proptech company and want to promote your products, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com