Proptech

HouseEazy Secures $7 Million in Series A Funding Led by Chiratae Ventures

• ByStartupStory     |    August 26, 2024

HouseEazy, a proptech startup specializing in the resale home market, announced today that it has raised $7 million in a Series A funding round led by Chiratae Ventures Fund. The round also saw participation from Antler Innovation Fund, Veena Jindal, and IA Growth Opportunities Fund.

HouseEazy, founded in 2021 by Tarun Sainani and Deepak Bhatia, aims to streamline the secondary real estate market by offering a tech-driven platform that enables customers to buy or sell ready-to-move-in homes quickly and securely. The platform uses a machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings and negotiations.

Commenting on the investment, Anoop Menon, ConsumerTech Sector lead at Chiratae Ventures, said, “The USD 90 billion secondary real estate market, which is completely unorganized and fragmented, is ripe for disruption. No platforms in the past have been able to address the pricing black box, timeline uncertainty, and scattered inventory issues that have plagued the home resale market for decades. HouseEazy, with its unique model and vast founder experience, has built an end-to-end solution with exclusivity on supply and distribution. The company has shown significant traction in a short span of time, and we are excited to partner with them as they create the go-to destination for pre-owned home transactions in India.”

HouseEazy has already served over 1,000 customers, offering what it describes as a “super-convenient, trustworthy, and transparent end-to-end solution.” The company claims that its platform allows customers to buy or sell resale homes in under 15 days with complete safety.

“In the primary market, the real estate developer typically serves as the anchor, but no single player was addressing all the needs of resale buyers and sellers. These transactions were traditionally conducted with multiple stakeholders, leading to inherent risks and lengthy closure times. We’ve completely re-engineered the process, enabling customers to buy or sell resale homes in under 15 days on the HouseEazy platform with 100 per cent safety,” said Tarun Sainani, Co-founder of HouseEazy.

The Noida-based startup’s focus on the secondary real estate market positions it as a unique player in a largely unorganized sector. With this latest round of funding, HouseEazy plans to further enhance its technology platform and expand its reach across key markets in India.

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