Antler led a $1 million seed round for HouseEazy, an online marketplace for pre-owned homes, which also included participation from India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, Pirojsha Godrej, and Sandeep Aggarwal, the founder of Droom.
In June of last year, the proptech company had already secured $375,000 in a pre-seed round.According to a news release from HouseEazy, the firm intends to use the additional funding to expand its distribution and bolster its technological skills.
Tarun Sainani and Deepak Bhatia co-founded HouseEazy in 2021 with the goal of developing a full-stack, data-driven digital platform that offers sellers the greatest prices and immediate liquidity as well as purchasers title-checked, remodeled, and move-in ready homes.
The Noida-based company claims that it provides real-time pricing bids without requiring vendors to attend numerous meetings or engage in lengthy negotiations since it leverages a proprietary machine-learning algorithm with over 1.25 million data points. Buyers can shortlist properties from among hundreds of pre-verified alternatives on the platform, which are exhibited with tools like virtual staging, 3D walkthroughs, and drone shooting.
In-house value-added services like quick mortgage processing and legal assistance are also offered by HouseEazy to its clients, streamlining and simplifying the purchasing and selling process.
In the next 12 to 15 months, HouseEazy hopes to reach an ARR of Rs 1,000 crore from the NCR area alone. The company claims to have achieved an ARR of Rs 250 crore while being profitable. On its portal, it states that more than 3,000 partners have been onboarded.
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