HouseEazy, a startup based in Noida, has successfully raised $7 million in a Series A funding round. This round was led by Chiratae Ventures, with additional investments from Alteria Capital and existing backer Antler.
The funds, which include both equity and debt, are intended to accelerate HouseEazy’s expansion across the National Capital Region (NCR), enhance its brand presence, grow its team, and refine its product offerings.
What is HouseEazy?
Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy aims to revolutionize the residential resale market. The startup addresses common challenges in home resale, such as pricing uncertainties and delays, by offering a streamlined and efficient platform.
HouseEazy is a platform which provides real-time price quotes through a proprietary machine-learning algorithm, which ensures a transparent and quick selling process. Buyers benefit from exclusive access to refurbished homes, enhanced with advanced AR/VR tools for a virtual viewing experience.
HouseEazy Growth and Future Plans
HouseEazy has reported an impressive Annual Recurring Revenue (ARR) of Rs 425 crore and is currently profitable. With the new funding, the startup aims to significantly increase its ARR, targeting Rs 1,800 crore from the NCR market within the next 15-18 months.
Deepak Bhatia, Co-founder of HouseEazy, highlighted the growth potential: “We have already achieved a GMV ARR of Rs 425 crore and aim to reach Rs 1,800 crore GMV ARR from the NCR market alone within the next 15-18 months. The secondary market is twice the size of the primary market, and with limited competition and a deep customer need, HouseEazy has the potential to surpass many pan-India developers.”
Currently operating in Noida and Ghaziabad, and recently expanding into Gurgaon, HouseEazy plans to enter other major cities such as Pune, Mumbai, and Bengaluru.
HouseEazy $7 million Series A funding round positions the startup for significant growth in the residential resale market. With plans to expand into new cities and enhance its platform, HouseEazy is set to redefine the home resale experience in India.
