The company had previously raised seed financing in December 2023.
HouseEazy stated that the funds raised will be used to drive growth in new National Capital Region (NCR) geographies, expand its footprint, enhance products, and support team expansion.
“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,” said Tarun Sainani, co-founder, HouseEazy.
HouseEazy offers real-time pricing for sellers using a proprietary machine-learning algorithm powered by over 1.5 million data points, enabling customers to conclude instant transactions at optimal prices. The platform also provides mortgage, legal, and registry facilitation services, making it a comprehensive solution for all resale property needs.
The proptech firm has a presence in Noida and Ghaziabad, with a recent entry into Gurgaon. It further plans to expand its presence in cities like Pune, Mumbai, and Bengaluru.
“We have already hit a gross merchandise value (GMV) accounting rate of return (ARR) of Rs 425 crore, and expect to reach Rs 1,800 crore GMV ARR in the next 15–18 months from the NCR market alone. The potential of this business is to become bigger than many pan-India developers, as the secondary market is twice that of the primary, with very little competition and a deep customer need gap that is consistent across geographies,” said Deepak Bhatia, co-founder, HouseEazy.