In a significant stride towards reshaping the real estate landscape, HouseEazy, the pioneering online marketplace for pre-owned homes, has raised $1 million in a recent seed funding round. Antler led the funding and saw participation from key investors such as India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, Pirojsha Godrej, and Sandeep Aggarwal, the founder of Droom.
This latest financial injection comes on the heels of HouseEazy’s pre-seed round last June, which secured $375,000. With the newly acquired funds, the proptech firm, co-founded in 2021 by Tarun Sainani and Deepak Bhatia, aims to fortify its distribution channels and enhance its technological capabilities, according to a press release from HouseEazy.
At its core, HouseEazy is crafting a cutting-edge, data-driven technology platform with a comprehensive approach. The platform is designed to offer optimal prices and instant liquidity for sellers while presenting buyers with meticulously vetted, title-checked, refurbished, ready-to-move-in homes.
Using a proprietary machine-learning algorithm with over 1.25 million data points, HouseEazy eliminates the hassle of multiple meetings and negotiations for sellers by providing real-time price offers. The platform boasts an extensive array of pre-verified options, with innovative features such as virtual staging, 3D walkthroughs, and drone shoots, empowering buyers to shortlist their ideal homes efficiently.
Beyond its robust marketplace, HouseEazy delivers in-house value-added services, including instant mortgage processing and legal support. This approach streamlines the buying and selling experience, offering convenience and simplicity that sets HouseEazy apart in the competitive real estate tech space.
HouseEazy proudly reports an Annual Recurring Revenue (ARR) of Rs 250 crore while maintaining profitability. The company envisions reaching a remarkable Rs 1,000 crore ARR within the next 12-15 months, primarily driven by the booming NCR market. HouseEazy has onboarded more than 3,000 partners on its portal, further solidifying its position as a transformative force in the real estate industry. As HouseEazy continues to innovate and expand, it’s poised to redefine the standards of the homebuying journey for both sellers and buyers alike.
