Proptech Settlin Secures Funding from Powerhouse Ventures and Others
- ByStartupStory | November 15, 2023
Proptech digital broker Settlin has secured an undisclosed amount in funding from investors, including Powerhouse Ventures, Kyt Ventures, Investo Monk, Guptaji Invests, Ah Ventures, and PV Rao (PVR Cinemas). The company, which handles approximately 12,000 unique buyers monthly and facilitates around 100 home sales each month, revealed this in an official statement.
Following its Pre-series A funding, Settlin has experienced substantial growth, expanding fivefold in the last 15 months and validating its business model.
Sudhanshu B, Co-founder and CTO of Settlin, stated, “We have grown 5X in the last 15 months, post our Pre-series A and have successfully proven the model.”
Looking ahead, Settlin has ambitious plans for the next 12 months, intending to broaden its operations to Mumbai across various residential properties. The company aims to achieve sales of 4,000 units and is actively raising growth capital to support its expansion.
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