Zapkey Raises Pre-Series A Funding Led by DSP Group for Home Sale Platform
- ByStartupStory | May 6, 2023
Zapkey, a home sale platform, has announced raising pre-series A funding led by the DSP Group. Existing investors Gruhas Proptech and the DLF Family Office also participated in the funding round. The funds will be used for geographical expansion and to strengthen the technology, according to a statement released by the company.
Shubhankar, founder of Zapkey, expressed his excitement about the partnership with DSP, saying, “We couldn’t be more excited to have DSP join our cap table. Easily one of the most powerful names in Indian finance, their access and support is only going to help compound our growth as we open new markets.”
DSP was equally optimistic about the investment, with Shuchi Kothari of DSP saying, “The pedigree of the founders of Zapkey gave us maximum confidence to invest. Add to that the size of the total addressable market and the product market fit that they’ve achieved over the past year checked all our boxes.”
Zapkey said it had already attracted over 8,000 home sellers and engaged more than 2,500 brokers as part of its distribution network in its first market over the past year. The company aims to expand its presence in new markets and strengthen its technology platform to improve its offerings.
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