 "HouseEazy")
The company had previously raised the seed financing round 7 months back in December 2023. Image: Linkedin
HouseEazy, a marketplace for resale homes, has raised $7 million from investors to grow its business.
In a statement, HouseEazy said the company has raised $7 million in a series-A funding round.
This round was a mix of equity and debt led by Chiratae Ventures and saw participation from Alteria Capital and existing investor Antler, it added.
The company had previously raised the seed financing round 7 months back in December 2023.
The funds will be used to fuel the organisation’s growth across new geographies in NCR, strengthening brand presence, team expansion and product enhancement, HouseEazy said.
“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,” he added.
In a short period, Sainani said the company has already served over 1,000 customers.
HouseEazy said it provides real-time price quotes to sellers backed by a proprietary machine-learning algorithm with over 1.5 million data points.
Sellers can conclude their transaction instantly at the best price, eliminating the need for multiple meetings and negotiations.
For buyers, the company said it provides access to exclusive, refurbished inventory that they can shortlist with the help of cutting-edge AR/VR tools like 3D walkthroughs and virtual staging.
The platform also offers mortgage, legal and registry facilitation services that make it a one-stop shop for all resale customers.
The company already has presence in the cities of Noida and Ghaziabad and has now entered the Gurgaon region.
It further plans to expand its presence in tier 1 cities like Pune, Mumbai and Bengaluru.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Aug 26 2024 | 2:22 PM IST