HouseEazy raises Rs 150 Cr in Series B round led by Accel

HouseEazy, a home resale marketplace, has raised Rs 150 crore ($18 million) in its Series B funding round led by Accel, with participation from Chiratae Ventures, Antler, and venture debt funds. 

The round follows its $7 million Series A round raised in August last year. Back in December 2023, HouseEazy raised $1 million in a seed round led by Antler and picked up $370,000 in pre seed funding in June 2022.

The proceeds will be used for technology upgrades, expansion to new cities, and brand development. It focuses on India’s secondary housing market, which remains largely offline and unstructured.

Founded by Tarun Sainani and Deepak Bhatia, HouseEazy operates as a full-stack platform managing pricing, verification, financing, and transaction support. The founders have over three decades of experience managing residential assets.

HouseEazy enables resale home transactions to close within weeks. Its AI-based pricing engine uses over two million data points to provide real-time property valuations. The platform also allows buyers to view homes virtually using AR/VR tools.

The company claims to have facilitated property transactions worth Rs 2,000 crore for more than 2,500 homeowners. Its current annualized gross merchandise value (GMV ARR) stands at Rs 850 crore, doubling year-on-year.

HouseEazy is active in Noida, Ghaziabad, and Gurugram and plans to enter Pune, Mumbai, and Bengaluru. It currently works with over 4,000 channel partners.

As per TheKredible, HouseEazy reported operating revenue of Rs 10.7 crore in FY24, with total expenses of Rs 10.26 crore  and a profit of Rs 30.99 lakh. It is yet to file its financial results for FY25.