Investors provide $1 million to proptech firm HouseEasy as starting money

 Investors provide $1 million to proptech firm HouseEasy as starting money

HouseEasy is developing a full-stack, data-driven digital platform to deliver the best price and immediate liquidity to sellers and developers of title-check, renew, and ready-to-move-in offerings. The company wants to bring confidence, transparency, and ease to secondary real estate transactions. properties for purchase.

Proptech startups have raised $4 billion in investment since 2009, according to statistics from Housing.com, which has resulted in a sharp rise in the real estate industry's usage of technology.

The resale house vertical marketplace HouseEasy said on Tuesday that it has secured $1 million (more than Rs 8 crore) in initial capital from investors, with Antler serving as the lead investor.

The firm released a statement identifying other noteworthy investors in the round as industry stalwarts including Pirojsha Godrej, the executive chairman of Godrej Properties, and Sandeep Agarwal, the founder of Droom, as well as AC Ventures, Agility Ventures, Finvol Ventures, and India Accelerator. HouseEasy is developing a full-stack, data-driven digital platform to deliver the best price and immediate liquidity to sellers and developers of title-check, renew, and ready-to-move-in offerings. The company wants to bring confidence, transparency, and ease to secondary real estate transactions. properties for purchase.

Together, Tarun Sainani and Deepak Bhatia, the creators of HouseEasy, have over 25 years of real estate business expertise. They previously collaborated at Godrej Properties. Proptech businesses have received $4 billion in investment since 2009, according to statistics from Housing.com. This has resulted in a tremendous expansion in the usage of technology in the real estate industry, particularly after the COVID-19 epidemic.

NoBroker.com, a Bengaluru-based company, became the first unicorn in the proptech industry in November 2021 when it received $210 million from investors at a $1 billion value. In June of last year, PropShare secured $47 million from investors, including Westbridge Capital.

Reloy, a proptech company supported by HDFC Capital that assists realtors in generating referral sales, received close to $1 trillion from investors in June of this year in order to grow. ICICI Bank and Baring Private Equity Partners are among the investors who have contributed Rs 45 crore to Property Pistol, a company that offers real estate advice services. Lended, a property title search engine, has secured $8.3 million (more than Rs 67 crore) to grow its operations.

Founded in 2022, Crib offers technological solutions to organizations that manage dorms and coliving spaces for young adults and professionals. To far, the company has received more than $2.2 million from investors. Co-living operator settlement. has further garnered funds from investors such as V Founder Circle and Ventures.