Tarun Sainani, cofounder, HouseEazy, said, “The way secondary transactions are done in India has not changed for decades. They are still done traditionally, with buyers and sellers facing much risk and long closure times. HouseEazy solves this need gap by operating as an asset manager and closing the transaction in 15 days instead of the 3-4 months it usually takes in the traditional process – all with 100% safety.”
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“In less than 18 months, we have already closed over 700 buy/sell transactions with the help of our tech stack built specifically for middle-class consumers,” Sainani added.
HouseEazy uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings and negotiations for sellers. It is building an end-to-end tech platform to make it easy to buy and sell pre-owned homes.
Deepak Bhatia, cofounder, HouseEazy, said, “We have already clocked an ARR of Rs 250 crore (GMV) while maintaining healthy profitability and expect to hit Rs 1,000 crore ARR in the next 12-15 months from the NCR market alone. Our asset-light approach and quick turnaround are highly capital-efficient & enable us to scale rapidly with limited funding”.
The platform offers pre-verified options, showcased with tools like virtual staging, 3D walkthroughs & drone shoots.
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Rajiv Srivatsa, partner at Antler in India, said, “The $75 billion secondary real estate market is growing rapidly with strong tailwinds of increasing urbanisation and is ripe for innovation. HouseEazy is addressing a deep consumer need gap in a massive market and has already shown promising early traction. We are excited to partner with the team as they create the go-to destination for pre-owned home transactions in India.”
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