Proptech startup Ivy Homes raises $7M from Khosla Ventures, Venture Highway, others

Bengaluru-based proptech startup Ivy Homes on Monday said it raised $5.75 million in equity and $1.3 million in debt in its seed round, which saw participation from Khosla Ventures, Venture Highway, Y Combinator, GFC, Foundamental, Better Capital, and Titan Capital.

Ivy Homes, which uses artificial intelligence (AI) and machine learning (ML) to provide instant liquidity to home sellers, will use the funds to build its product and expand its team.

Abhilash Narahari, Co-founder, Ivy Homes, said,

“The funding we raised is a big step toward realising our mission to deliver transparent solutions to the real estate sector. With our unique data and pricing engine, we aim to transform what is a complex, painful, and month-long ordeal into a transparent and predictable process.”

Founded in 2021 by Abhilash Narahari (IIT Kharagpur alum) and Pritam Thakur (IIT Kanpur alum), transactional real estate platform Ivy Homes uses a machine learning-based pricing algorithm to forecast the fair market value of a property based on over 50 parameters.

The proptech startup intends to address the lack of transparency in the real estate business when it comes to property purchasing and selling. It also wants to become the go-to option for selling homes that offer fair market value for a property while enhancing the overall customer experience.

“Home selling is such a large problem to solve, and we believe the best way to deliver a superior customer experience is by being fully transactional,” added Pritam Thakur, Co-founder, Ivy Homes.

Priya Mohan, Partner at Venture Highway, said,

“As the first institutional investors, we are excited to back founders who solve complex problems and deliver category-creating solutions. Abhilash and Pritam bring a combination of domain, previous startup and tech experience, and in this, we saw a strong founder-market fit. We believe Ivy Homes has the opportunity to create a tech-driven ‘never before seen’ customer experience for home sellers and buyers.”

Ivy Homes seems to be an intriguing startup with inspiring development on real estate platform. I’m certain this startup would keep on thriving in its excursion ahead. All the best to the whole group of Ivy Homes. This will give them an enormous achievement in the future.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor. Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.