By Inc42 Media
The funding round was led by Chiratae Ventures, along with participation from Antler India and AI Growth Opportunities Fund I
The board at Magneum Technology, the company that operates HouseEazy, passed a special resolution to issue 3,915 Series A CCPS to raise INR 33.57 Cr
Founded in 2021, Magneum Technology acts as an intermediary between buyers and sellers of secondary residential properties
Delhi NCR-based proptech startup HouseEazy has raised INR 33.57 Cr ($4 Mn) in its Series A funding round led by Chiratae Ventures, along with participation from Antler Innovation India Fund I and IA Growth Opportunities Fund I and Veena Jindal.
While Chiratae Ventures India Fund contributed INR 29.62 Cr in the round, Antler Innovation Fund invested INR 2.86 Cr in HouseEazy.
Meanwhile, IA Growth Opportunities Fund pumped in 76.25 Lakh and Veena Jindal invested 29.12 Lakh.
The board at Magneum Technology, the company that operates HouseEazy, had passed a special resolution to issue 3,915 Series A compulsorily convertible cumulative non-participating preference shares with a face value of INR 10 and a premium of INR 85,666 on a preferential basis via private placement to raise INR 33.57 Cr, as per regulatory filings.
Founded in 2021, Magneum Technology operates in the proptech sector through its HouseEazy platform. The company functions as an intermediary between buyers and sellers of secondary residential properties, aiming to improve transparency and efficiency in the resale market.
HouseEazy offers services such as price discovery, negotiation, property viewing, and seamless communication between parties.
(The story will be updated soon)