HouseEazy, an online marketplace for pre-owned homes, has raised $1 million in a seed round led by Antler along with participation from India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, Pirojsha Godrej, and Droom’s founder Sandeep Aggarwal.
The proptech firm previously raised $375,000 in a pre-seed round in June last year. The company plans to use the fresh funds to build its distribution and strengthen tech capabilities, HouseEazy said in a press release.
Co-founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy is building a full-stack, data driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers.
The Noida-based company says that it uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings & negotiations for sellers. The platform offers hundreds of pre-verified options, showcased with tools like virtual staging, 3D walkthroughs & drone shoots, enabling buyers to shortlist their homes.
HouseEazy also provides in-house value-added services such as instant mortgage processing and legal support to its customers, making the buying and selling experience streamlined and simple.
HouseEazy claims to clock an ARR of Rs 250 crore while maintaining profitability and expects to hit Rs 1,000 crore ARR in the next 12-15 months from the NCR market alone. It also claims to have boarded more than 3,000 partners on its portal.