Bengaluru-based Zaasna Proptech Pvt. Ltd has raised Rs 2 crore ($286,311 at current exchange rate) in a seed funding round from investors including learning platform Udacity chief operating officer Lalit Singh and Microsoft worldwide support leader Sanjay Sharma.
The company will use the capital to strength its technological infrastructure, improve its product offerings and grow its staff, it said in a statement. Zaasna co-founder and chief executive officer Arvind Kadam said the investment represented a milestone for the startup.
Singh said that Zaasna would help deliver transparency to the country’s real-estate sector, adding that the company was transforming the “previously cumbersome process of buying property”. Sharma added that the company’s technology would see high demand from non-resident Indians looking to purchase real estate in the country.
Founded in 2018, Zaasna says it has created a one-stop transaction platform for selecting a property, scheduling visits and filing home-loan applications. The startups says it also allows it users to negotiate prices directly with developers in real-time through its platform.
There has been a surge of investor interest in real-estate and property-tech startups of late. Earlier this month, Tiger Global said it would put Rs 34.93 crore to lead the first tranche of a funding round in Bengaluru-based online home rental startup NestAway Technologies Pvt. Ltd. Tiger Global is an existing investor in the startup.
Similarly, co-living startup StayAbode Ventures Pvt. Ltd raised additional capital as part of its pre-Series A funding round from new investor Japanese media and advertising technology company Voyage Group in March 2019. The company had raised an undisclosed sum in its pre-Series A round in July 2018 from Japanese gaming company Akatsuki Inc. and others.
