Noida-Based Proptech Startup HouseEazy Secures $7 Million in Series A Funding

Noida-based proptech startup HouseEazy has successfully raised $7 million in Series A funding, a round led by Chiratae Ventures, with additional participation from Alteria Capital and existing investor Antler. The funding comprises a mix of debt and equity.

The company intends to allocate the new capital towards expanding its operations into additional regions within the National Capital Region (NCR), strengthening its brand presence, expanding its team, and enhancing its product offerings.

HouseEazy, founded in 2021 by Tarun Sainani and Deepak Bhatia, functions as a comprehensive marketplace for resale homes. The startup employs a proprietary machine-learning algorithm that analyzes over 1.5 million data points to offer real-time price quotes to sellers, streamlining the transaction process by reducing the need for multiple meetings and negotiations.

Currently, HouseEazy reports achieving an annual recurring revenue (ARR) of INR 425 crore in gross merchandise value (GMV) and aims to reach INR 1,800 crore in GMV ARR within the next 15 to 18 months, focusing solely on the NCR market.

“Our asset-light model and quick turnarounds, supported by a network of 2,000 channel partners, have allowed us to scale effectively across various markets,” said co-founder Deepak Bhatia.

This latest funding round comes seven months after HouseEazy raised $1 million in seed funding led by Antler in December of the previous year. That round saw participation from India Accelerator, AC Ventures, Agility Ventures, Finvolve Ventures, Pirojsha Godrej, and Sandeep Aggarwal.

HouseEazy currently operates in Noida and Ghaziabad and has recently expanded into the Gurugram market. The company has plans to further its reach into other Tier I cities, including Pune, Mumbai, and Bengaluru.

India’s proptech sector continues to attract significant investor interest. For example, Mumbai-based proptech startup Truva recently raised $3 million in a seed funding round led by Stellaris Venture Capital, with participation from Peercheque and several angel investors. In July, HDFC Capital acquired an 8.5% stake in Mumbai-based proptech startup TruBoard for an undisclosed amount. Additionally, Mumbai-based proptech startup Jugyah raised $1.5 million in a seed funding round co-led by White Venture Capital, QED Investors, and Godrej Properties. In June, Landeed, another proptech startup, secured an undisclosed amount as part of its ongoing seed funding round led by Paradigm Shift VC.

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