Proptech startup Settlin raised approximately ₹7.7 crores from investors (1 million USD) to expand its presence in Bengaluru.
Investors: The company raised this amount in pre-series A round. The investors include Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund and angel investors Murugavel Janakiraman, Dinesh Agrawal and others.
The work: Settlin provides end-to-end execution of residential property resale transactions. It maintains property profiles, physically inspects properties and manages the entire transaction. This also includes legal verification and getting a home loan.
- Settlin mobile app was recently launched on Google Play Store.
Market: The property resale market is 3 times bigger than the new sales market which gives Settlin room for immense growth.
- Settlin wants to conduct 24,000 visits across Bengaluru in one year. This would lead to over 800 property sales worth over ₹600 crores.