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Proptech Startup HouseEazy Secures $1Millon in Seed Funding from Investors

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HouseEazy, a platform focused on resale homes, has disclosed raising $1 million in seed funding from investors, spearheaded by Antler. Significant contributors in this funding cycle encompass India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, alongside prominent figures within the industry such as Pirojsha Godrej, the Executive Chairperson at Godrej Properties and Sandeep Aggarwal, the Founder at Droom, as confirmed by the company's statement.

"HouseEazy aims to revolutionize secondary real estate transactions through an all-encompassing technology platform driven by data, emphasizing trust, transparency, and convenience. Their objective is to provide sellers with competitive prices while ensuring buyers access refurbished, title-checked, and readily available homes", as stated by the company. Tarun Sainani and Deepak Bhatia, HouseEazy's founders, previously collaborated at Godrej Properties, amassing a combined experience of over 25 years in the real estate sector.

"Data from Housing.com underscores proptech firms securing $4 billion in funding since 2009, largely propelled by the increased integration of technology in real estate, particularly post the COVID-19 pandemic onset. NoBroker.com, headquartered in Bengaluru, achieved unicorn status in the proptech sector in November 2021 by raising $210 million, valuing the company at $1 billion", as mentioned in the report.

"Last June, PropShare garnered $47 million, including investments from WestBridge Capital, while Reloy, supported by HDFC Capital, received nearly $1 million in June this year to expand operations. Other proptech ventures like Property Pistol, Landeed, Crib, and Settl. have also secured significant investments, aiming to bolster their expansion and enhance technological solutions within the real estate industry", concluded the report.