Delhi-based property technology startup HouseEazy has raised $7 million in a Series A funding round, marking its first significant fundraising since its seed round in December 2023. The latest round, a mix of equity and debt, was led by Chiratae Ventures, with participation from Alteria Capital and existing investor Antler.

HouseEazy plans to use the funds to accelerate its growth in new geographies within the National Capital Region (NCR), enhance its product offerings, and expand its team. The startup is focused on transforming the resale property market, addressing the needs of buyers and sellers with a streamlined process that enables transactions within 15 days through its platform.

Co-founder Tarun Sainani highlighted that HouseEazy’s proprietary machine-learning algorithm, which analyzes over 1.5 million data points, provides real-time pricing for sellers and facilitates instant transactions at optimal prices. The platform also offers mortgage, legal, and registry services, making it a comprehensive solution for resale properties.

HouseEazy is currently active in Noida, Ghaziabad, and has recently entered Gurgaon. The company plans to expand into Pune, Mumbai, and Bengaluru. Co-founder Deepak Bhatia anticipates significant growth, projecting a GMV (gross merchandise value) ARR of ₹1,800 crore from the NCR market alone within the next 15-18 months. The company aims to become a leading player in India’s secondary real estate market, which is currently twice the size of the primary market with minimal competition.

The startup’s earlier seed funding round valued it at $8.09 million as of December 2023. HouseEazy’s platform offers a full suite of services, including AR/VR tools for buyers to explore properties virtually and a streamlined process for sellers to close deals efficiently.