Online marketplace for pre-owned homes, HouseEazy, has secured $1 million in a seed funding round led by Antler, with participation from India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, Pirojsha Godrej, and Droom’s founder Sandeep Aggarwal.
The proptech company had previously raised $375,000 in a pre-seed round in June of the preceding year. According to a press release by HouseEazy, the new capital infusion will be directed towards enhancing distribution channels and bolstering technological capabilities.
Co-founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy is constructing a comprehensive, data-driven technology platform. The platform aims to offer optimal prices and immediate liquidity for sellers while providing buyers with title-checked, refurbished, and ready-to-move-in homes.
The Noida-based company utilizes a proprietary machine-learning algorithm containing over 1.25 million data points. This algorithm facilitates real-time price offers, eliminating the necessity for numerous meetings and negotiations for sellers. The platform presents a variety of pre-verified options, enhanced with features like virtual staging, 3D walkthroughs, and drone shoots, allowing buyers to shortlist their homes efficiently.
HouseEazy offers additional in-house services, including prompt mortgage processing and legal support, enhancing the overall buying and selling experience for its customers.
The proptech firm asserts an Annual Recurring Revenue (ARR) of Rs 250 crore, maintaining profitability. It anticipates reaching an ARR of Rs 1,000 crore within the next 12-15 months, focusing solely on the NCR market. Additionally, HouseEazy reports onboarding over 3,000 partners on its portal.
