Antler has led the $1 million seed investment round for HouseEazy, a vertical platform for secondhand properties.
Major industry stalwarts like Pirojsha Godrej, executive chairwoman at Godrej Properties, and Sandeep Aggarwal, founder of Droom, are among the other investors in the latest round, along with major venture capital firms India Accelerator, AC Ventures, Agility Ventures, etc, as reported by The Economic Times.
Tarun Sainani, cofounder, HouseEazy, said, “The way secondary transactions are done in India has not changed for decades. They are still done traditionally, with buyers and sellers facing much risk and long closure times. HouseEazy solves this need gap by operating as an asset manager and closing the transaction in 15 days instead of the 3-4 months it usually takes in the traditional process – all with 100% safety.”
Its goal is to transform resale transactions into something transparent, easy, and fast.
Unlike the laborious and complex traditional approach, the platform provides total trust and safety.
Deepak Bhatia, cofounder, HouseEazy, said, “We have already clocked an ARR of Rs 250 crore (GMV) while maintaining healthy profitability and expect to hit Rs 1,000 crore ARR in the next 12-15 months from the NCR market alone. Our asset-light approach and quick turnaround are highly capital-efficient & enable us to scale rapidly with limited funding”.
Rajiv Srivatsa, partner at Antler in India, said, “The $75 billion secondary real estate market is growing rapidly with strong tailwinds of increasing urbanisation and is ripe for innovation. HouseEazy is addressing a deep consumer need gap in a massive market and has already shown promising early traction. We are excited to partner with the team as they create the go-to destination for pre-owned home transactions in India.”
HouseEazy is a cutting-edge digital platform that seeks to transform residential resale transactions by making them speedy, easy, and transparent.