HouseEazy, a marketplace for resale homes, has secured $16.8 million (Rs 150 crore) in a funding round led by Accel, with existing investors Chiratae Ventures, Antler and venture debt funds participating. The fresh capital is a mix of equity and debt.
Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy works on a full-stack model to facilitate the resale of homes. It simplifies the buying and selling process of pre-owned homes through its website with features such as instant price discovery, exclusive and refurbished homes, pre-verified titles, and immersive 3D and virtual experiences. It also offers mortgage and legal support to its clients.
The company aims to utilise the fresh funds to drive innovation, advance its tech and expand into new cities. Currently, the platform is only operational in Noida, Ghaziabad and Gurugram.
“In just three years, we have helped over 2,500 homeowners transact properties worth more than Rs 2,000 crore. With this new funding, we are ready to expand HouseEazy into new cities and unlock adjacent business lines,” Sainani said in a statement.
The company claims that its offerings reduce the timeline of resale home transactions to a few weeks from five to six months, the industry norm. Its tech offerings to support the buyer decision-making process include an AI-powered pricing engine, which offers real-time pricing and AR/VR-powered exploration tools to enable virtual tours.
“India’s housing market is enormous but lacks trustworthy and structured solutions for consumers. HouseEazy’s tech-led, consumer-first model solves some of the biggest pain points,” said Pratik Agarwal, partner, Accel.
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Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy works on a full-stack model to facilitate the resale of homes. It simplifies the buying and selling process of pre-owned homes through its website with features such as instant price discovery, exclusive and refurbished homes, pre-verified titles, and immersive 3D and virtual experiences. It also offers mortgage and legal support to its clients.
The company aims to utilise the fresh funds to drive innovation, advance its tech and expand into new cities. Currently, the platform is only operational in Noida, Ghaziabad and Gurugram.
“In just three years, we have helped over 2,500 homeowners transact properties worth more than Rs 2,000 crore. With this new funding, we are ready to expand HouseEazy into new cities and unlock adjacent business lines,” Sainani said in a statement.
The company claims that its offerings reduce the timeline of resale home transactions to a few weeks from five to six months, the industry norm. Its tech offerings to support the buyer decision-making process include an AI-powered pricing engine, which offers real-time pricing and AR/VR-powered exploration tools to enable virtual tours.
“India’s housing market is enormous but lacks trustworthy and structured solutions for consumers. HouseEazy’s tech-led, consumer-first model solves some of the biggest pain points,” said Pratik Agarwal, partner, Accel.
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