Friday, October 4, 2024
Business

HouseEazy secures $1M seed funding

HouseEazy, a proptech startup focusing on resale homes, announced securing $1 million in seed funding, with Antler leading the investment round. Other notable investors include India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, and industry veterans such as Pirojsha Godrej (Executive Chairperson at Godrej Properties) and Sandeep Aggarwal (Founder at Droom). The platform aims to bring trust, transparency, and convenience to secondary real estate transactions by utilizing a full-stack, data-driven technology platform.

Founded by Tarun Sainani and Deepak Bhatia, both with over 25 years of combined experience in the real estate industry, HouseEazy intends to offer the best prices and instant liquidity for sellers, along with title-checked, refurbished, ready-to-move-in homes for buyers. Proptech companies have seen significant funding, with $4 billion invested since 2009, driven by the increased adoption of technology in the real estate sector, especially during the COVID-19 pandemic. Bengaluru-based NoBroker.com, for instance, achieved unicorn status in November 2021 after raising $210 million.

The proptech sector continues to attract investment, with various startups securing substantial funding to expand their operations and introduce innovative solutions within the real estate industry.

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