Settlin Raises $1 Million in Pre-Series A Round

Settlin, a digital resale real estate broker, raised $100 million from a GSF fund founded by Powerhouse Ventures, Rajesh Sawhney, and marquee angel investor Murugavel Janakiraman (founder and CEO of Bharat Matrimony) and Dinesh Agrawal (founder and CEO of IndiaMART) in a pre-series A funding round.

Settlin said in a statement that it plans to use the funds to expand its business within Bengaluru. The goal is to make 24,000 visits across Bengaluru within the next 12 months, resulting in the sale of more than 800 real estate equivalent to Rs 600 crore.

The company claims to have recorded four times growth in the last two quarters and is now helping more than 5,000 prospects complete more than 1,200 real estate inspections each month.

Settlin's conveyor belt approach assists consumers in end-to-end doorstep transactions in buying and selling resale properties, from online searches to offline real estate inspections, online documents, laws, loans, and final purchase contract registration.

Ashish Srivastava, Co-founder & CEO, Settlin argued that his company was redefining real estate transactions in all the ways consumers dreamed of, and many companies before Settlin promised but failed to execute.