Proptech startup Openhouse raises $2 Mn in seed round

Proptech startup Openhouse has raised $2 million in a seed round led by India Quotient Ventures. Angel investors in the round include Mohit Gupta and Gunjan Patidar (both ex-Co-founders of Zomato), Gaurav Sharma (Founder, SaaS Labs), and Ramanshu Mahaur (Co-founder, Spinny), according to the company’s press statement.

According to Openhouse, the funds will be used to build technology, expand operations, and strengthen transaction capabilities.

Founded by Rahool Sureka and Ankit Khemka, Openhouse is developing a full-stack resale property platform focused on India’s residential secondary market. It offers AI-based pricing, a 90-day sale guarantee, and end-to-end transaction management including buyer sourcing, home staging, documentation, and legal support.

As per market research, India’s residential real estate market across the top seven cities is valued at over $60 billion and is projected to reach $150 billion by 2030. 

Openhouse claims to have built Data IQ, a pricing and market-intelligence engine that evaluates more than 100,000 data points each month to estimate property values, demand trends, and pricing patterns across NCR markets. 

The firm is also developing Broker AI, a tool to match buyers with societies based on budget, location, and use case.

Openhouse targets a rise in monthly GMV from Rs 10 crore to Rs 100 crore over the next four to six quarters. It will also strengthen legal and compliance functions to reduce transaction timelines.