Delhi-based PropTech Startup HouseEazy has successfully raised $1 million (8 Crore) in a seed round that was led by Antler and India Accelerator. Investors from AC Ventures, Agility Ventures, Finvolve Ventures, and Pirojsha Godrej also participated in this round.
HouseEazy, a digital platform in Delhi-NCR, was launched by Tarun Sainani and Deepak Bhatia in 2021 to change the way people buy and sell homes. HouseEazy offers its customers value-added services such as instant mortgage processing and legal support to make buying and selling easier.
Tarun Sainani, Co-Founder, of HouseEazy, said –
“The way secondary transactions are done in India has not changed for decades. They are still done traditionally, with buyers and sellers facing a lot of risk and long closure times. While these are large ticket-size transactions, the experience has always been abysmal, primarily due to the lack of a strong anchor.”
Last year in June, HouseEazy raised $375,000 in the pre-seed round. The company plans to use the new funds to enhance its distribution and tech capabilities, as stated in a press release by HouseEazy.
Rajiv Srivatsa, Partner at Antler in India, said –
“The buying & selling process for resale residential properties is broken. Unlike the primary market, there are no trusted brands in this space. The $75 billion secondary real estate market is growing rapidly with strong tailwinds of increasing urbanization and is ripe for innovation.”