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Proptech startup Homesfy raises $1.1 Mn


Real estate broking firm Homesfy has secured $1.1 million from early-stage growth investors Girish Gulati, Dnyanesh Bhatavadekar, Neha Idnany, Yogesh Bagaria, and Amit Bagaria.

The proceeds will be deployed for its working capital requirements, general corporate purpose, organic growth, expansion across multiple cities in India and to enter international markets, the company said in a press release.

Founded in 2013 by Ashish Kukreja, Homesfy is a real estate brokerage platform with a presence across the top four cities in India. The company says it quickly became self-sufficient and expanded to facilitate bookings totaling Rs 1,650 crore on its platforms in the last financial year.

The Mumbai-based firm claims to have presence in four cities in India including Pune, Bengaluru, and Delhi NCR. With team strength of nearly 400 employees, the firm partners with all reputed builders in the country to facilitate their real estate sales.

The company syas it also initiated the process of acquiring EQServ, a Mumbai-based real estate broking firm that has been facilitating residential property sales for category A+ developers across the city.

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