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Proptech Startup Homesfy Realty, has raised $1.1 mn from early-stage growth investors Girish Gulati, Dnyanesh Bhatavadekar, Neha Idnany, Yogesh Bagaria, and Amit Bagaria.
The company has submitted its drafts red herring prospectus (DRHP) for SME IPO with NSE Emerge in preparation for its planned listing on Indian bourses. The company will use the funds from the planned offering for working capital needs, general corporate purposes, and organic growth, as per reported by IndianWeb2.
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“Buying a home for personal use or as an investment continues to be a popular choice in the country. Due to the pandemic, even the reluctant youth has realized the advantages of investing in hard assets. This, coupled with the regulatory framework coming into the real estate sector through RERA, has paved the way for a growing interest in real estate transactions. We, at Homesfy, started our journey with the aim to simplify the home-buying process. With the new strengths coming in and this fund-raise, Homesfy is committed to delivering growth to its employees and investors and satisfactory services to its customers,” said Ashish Kukreja, Founder & CEO at Homesfy.in.
Homesfy.in was founded in 2013 with the goal of improving the home-buying process and creating hassle-free, trustworthy real estate transactions.
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“Real estate is poised to be a $1.5 trillion industry in the near future. As real estate developers consolidate market share via launches and construction velocity, they need the right partners to drive sales. Through the use of proprietary technology tools, rigorous processes, and talented sales agents, Homesfy simplifies the home-buying experience and is positioned to lead the channel partner sales for all major developers across India,” said Girish Gulati, who is a veteran investor in the public equity markets.
Currently, Homesfy has headquarters in Mumbai and is functioning in 4 Indian cities, including Pune, Bengaluru, and Delhi NCR. The company partners with all reputable builders in the nation to support their real estate sales and has a workforce of close to 400 employees.
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About Homesfy
Homesfy is the organisation in the real estate advisory market with the quickest growth. Currently, Homesfy is based in Mumbai, Bangalore, Pune, Dubai, and NCR.
