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HouseEazy, a home resale marketplace simplifying the way Indians buy and sell second-hand homes, has raised Rs. 150 crore (about $18 million) in a Series B funding round led by Accel. The round also saw participation from Chiratae Ventures, Antler, and a few venture debt funds.
This fresh capital comes just over a year after HouseEazy’s $7 million Series A round in August 2024 and follows earlier seed and pre-seed rounds led by Antler, totaling a little over $1.3 million.
According to the company, the new funds will be used to upgrade its technology, expand to new cities, and strengthen brand awareness as it looks to build a strong presence in India’s vast secondary housing market, a space that remains largely offline and fragmented.
Founded by Tarun Sainani and Deepak Bhatia, HouseEazy operates as a full-stack resale platform that manages everything from property pricing and verification to financing and transaction support. Both founders bring more than 30 years of combined experience in managing residential assets, which helps the company bridge the gap between technology and real-world property challenges.
Tackling India’s Secondary Housing Market
Unlike the primary real estate market, where developers sell new properties, India’s secondary housing market, where existing homeowners sell their properties—has long been mired in opacity, lengthy paperwork, and unreliable pricing. HouseEazy aims to fix that by digitizing every step of the process.
The company’s platform allows resale transactions to close within weeks, compared to the months such deals typically take offline. Its AI-driven pricing engine draws on more than two million data points to provide real-time property valuations, ensuring transparency for both buyers and sellers.
In addition, the company uses AR and VR tools to help buyers virtually tour homes before making decisions, reducing the time and effort involved in physical visits.
Rapid Growth and Expansion Plans
So far, HouseEazy claims to have facilitated property transactions worth Rs. 2,000 crore for over 2,500 homeowners. Its current annualized gross merchandise value (GMV ARR) stands at Rs. 850 crore, twice what it achieved a year ago.
The company is currently active in Noida, Ghaziabad, and Gurugram, three of the most active housing markets in the National Capital Region (NCR). With the new funds, it plans to expand operations to Pune, Mumbai, and Bengaluru in the coming months. It also collaborates with more than 4,000 channel partners, including real estate agents and brokers, who help connect buyers and sellers through the platform.
Financial Snapshot
As per data from TheKredible, HouseEazy reported an operating revenue of Rs. 10.7 crore in FY24, with total expenses of Rs. 10.26 crore and a profit of Rs. 30.99 lakh, a notable achievement for a young proptech startup. The company has not yet filed its financials for FY25.
Looking Ahead
With Accel and Chiratae Ventures among its backers, HouseEazy joins a growing group of Indian proptech startups attracting investor attention by modernizing the country’s real estate sector. By focusing on the resale segment—a market estimated to be worth hundreds of billions of dollars but still dominated by offline intermediaries, HouseEazy is betting that convenience, speed, and data-driven transparency will define the future of home resales in India.
If successful, it could do for second-hand housing what online property portals did for new project listings a decade ago: make the process faster, fairer, and more accessible for everyday homeowners.
