By Proptechbuzz
By Ravi Kumar
Proptech startup Openhouse has secured $2 million in seed funding led by India Quotient Ventures. The round also saw participation from angel investors including Mohit Gupta and Gunjan Patidar (both ex-Co-founders of Zomato), Gaurav Sharma (Founder, SaaS Labs), and Ramanshu Mahaur (Co-founder, Spinny), the company said in a statement.
The newly raised capital will be used to enhance technology infrastructure, expand operations, and strengthen transaction capabilities, according to the company.
Founded by Rahool Sureka and Ankit Khemka, Openhouse is building a full-stack resale property platform for India’s residential secondary market. The platform offers AI-based pricing tools, a 90-day sale guarantee, and end-to-end transaction support covering buyer sourcing, home staging, documentation, and legal assistance.
Research indicates that India’s residential real estate market across the top seven cities is valued at more than $60 billion and could reach $150 billion by 2030. With demand for transparent and data-driven transactions increasing, the secondary property market is emerging as a key growth segment within the proptech ecosystem.
Openhouse has developed Data IQ, a pricing and market intelligence engine that processes over 100,000 data points every month to analyze property values, demand trends, and pricing patterns across NCR markets.
The company is also building Broker AI, a tool designed to connect buyers with societies that match their preferences for budget, location, and use case.
Openhouse aims to grow its monthly gross merchandise value (GMV) from ₹10 crore to ₹100 crore over the next four to six quarters. The firm also plans to enhance its legal and compliance systems to reduce transaction timelines and improve efficiency in the resale property process.
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