Noida-headquartered proptech startup HouseEazy has raised $7 million in Series-A funding led by Chiratae Ventures, the company said in a statement on August 26. HouseEazy is a full-stack marketplace for resale homes with presence in Noida and Ghaziabad. The company has recently entered Gurugram and plans to further expand its presence in tier 1 cities such as Pune, Mumbai and Bengaluru .
This round was a mix of equity and debt, and saw participation from Alteria Capital and existing investor Antler, the statement highlighted. Also Read: Luxury homes above ₹ 1 crore witness 41% growth in sales; affordable housing sales decline According to the company, the funds will be utilised to fuel the organisation’s growth across new geographies in NCR, strengthening brand presence, team expansion and product enhancement. HouseEazy had raised seed financing in December 2023.
“We have already hit a GMV ARR of ₹ 425 crore, and expect to hit ₹ 1,800 crore GMV ARR in the next 15-18 months from the NCR market alone,” said Deepak Bhatia, Co-founder, HouseEazy. Also Read: Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger “The potential of this business is to become bigger than many pan India developers, as the secondary market is 2x that of primary, with very little competition and a deep customer need gap that is consistent across geographies,” Bhatia underscored. Service offering According to the company statement, HouseEazy provid.