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 previously raised $375,000 in a pre-seed round. According to a press release from HouseEazy, the company intends to use the additional funding to expand its distribution and bolster its technological capabilities.
Tarun Sainani and Deepak Bhatia co-founded HouseEazy in 2021 to develop a full-stack, data-driven technology platform that offers sellers the best prices and immediate liquidity as well as buyers title-checked, remodeled, and move-in ready homes.
The Noida-based company claims that it provides real-time price offers without requiring sellers to attend numerous meetings or engage in lengthy negotiations because it leverages a proprietary machine-learning algorithm with over 1.25 million data points. Buyers can shortlist homes from hundreds of pre-verified options on the platform, which are exhibited with tools like virtual staging, 3D walkthroughs, and drone shoots.
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 expects to reach an ARR of Rs 1,000 crore from the NCR market alone. The company claims to have achieved an ARR of Rs 250 crore while remaining profitable. On its portal, it states that more than 3,000 partners have been onboarded.
