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Proptech Settlin Secures Funding from Powerhouse Ventures and Others

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Proptech digital broker Settlin has recently obtained an undisclosed sum in funding from investors such as Powerhouse Ventures, Kyt Ventures, Investo Monk, Guptaji Invests, Ah Ventures, and PV Rao (PVR Cinemas). The company shared this information through an official statement. According to their announcement, Settlin manages about 12,000 distinct buyers every month and assists in approximately 100 home sales monthly.

After securing Pre-series A funding, Settlin has seen significant growth, expanding five times over the past 15 months and confirming the viability of its business approach. Sudhanshu B, Co-founder and CTO of Settlin, mentioned, "Following our Pre-series A round, we've grown by a factor of 5 in the last 15 months and have effectively validated our business model".

Looking forward, Settlin has ambitious plans for the upcoming 12 months, with intentions to extend its operations to Mumbai, focusing on various residential properties. The company aims to accomplish sales of 4,000 units and is actively seeking additional capital to fuel its expansion.