Proptech startup Ivy Homes has raised $5.75 million in equity and $1.3 million in debt in seed funding round from Khosla Ventures, Venture Highway, Y-Combinator, GFC, Foundamental, Better Capital, and Titan Capital.
The startup plans to use the funds to build its products and expand its team.
The Bengaluru-based Ivy Homes was founded in 2021 by Abhilash Narahari and Pritam Thakur, It uses artificial intelligence (AI) and machine learning (ML) to provide instant liquidity to domestic sellers.
The startup aims to bridge the lack of transparency in the real estate business in terms of buying and selling of properties. It also wants to be an alternative to selling homes that provide a fair market value for the property while enhancing the overall customer experience.
“The funding we raised is a big step toward realising our mission to deliver transparent solutions to the real estate sector. With our unique data and pricing engine, we aim to transform what is a complex, painful, and month-long ordeal into a transparent and predictable process”, said, Abhilash Narahari, Co-founder, Ivy Homes.
“Home selling is such a large problem to solve, and we believe the best way to deliver a superior customer experience is by being fully transactional,” said, Pritam Thakur, Co-founder, Ivy Homes.
“As the first institutional investors, we are excited to back founders who solve complex problems and deliver category-creating solutions. Abhilash and Pritam bring a combination of domain, previous startup and tech experience, and in this, we saw a strong founder-market fit. We believe Ivy Homes has the opportunity to create a tech-driven ‘never before seen’ customer experience for home sellers and buyers”, said, Priya Mohan, Partner at Venture Highway.
About Ivy Homes
They are revolutionizing residential real estate in India through technology.
With Ivy, sellers are able to sell their homes in a couple of weeks thereby eliminating months of stress and uncertainty. For buyers, they offer a seamless buying experience with complete transparency.