Openhouse, a prop-tech startup, raised $2 million in a seed funding spherical led by India Quotient Ventures. Angel buyers within the spherical included Mohit Gupta and Gunjan Patidar (each former Zomato co-founders), together with Gaurav Sharma of SaaS Labs and Ramanshu Mahaur of Spinny.
Based by Rahool Sureka and Ankit Khemka, Openhouse is growing a full-stack resale-property platform concentrating on India’s residential secondary market. The platform provides AI-based pricing, a 90-day sale assure, and handles every part from purchaser sourcing and residential staging to documentation and authorized assist.
The startup mentioned it can use the contemporary capital to construct know-how, broaden operations, and strengthen its transaction capabilities.
Openhouse’s “Knowledge IQ” engine analyzes over 100,000 knowledge factors every month to estimate property values, demand tendencies, and pricing patterns—initially centered on the NCR area. Moreover, the corporate is growing “Dealer AI” to match patrons with societies based mostly on price range, location, and use case.
With India’s top-seven-cities residential real-estate market valued at over $60 billion (and projected to achieve $150 billion by 2030), Openhouse is aiming to elevate its month-to-month gross-merchandise worth (GMV) from roughly Rs 10 crore to Rs 100 crore over the subsequent 4 to 6 quarters, whereas additionally strengthening authorized and compliance capabilities to shorten transaction timelines.
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