Proptech startup Settlin raises USD 1 million in pre-series A round

Mumbai: Proptech startup Settlin has raised USD 1 million in pre-series A round from Rajesh Sawhney-founded GSF Fund, Powerhouse Ventures and marquee angel investors Murugavel Janakiraman (Founder & CEO, Bharat Matrimony), Dinesh Agrawal (Founder & CEO, IndiaMART) and some others.

Settlin plan to utilize funds to expand in Bengaluru city further. It is aiming to execute as much as 24,000 visits in the city of Bengaluru in the coming 12 months and hopes to sell over 800 property sales worth around Rs 600 crore, the company said in a statement.

Settlin has grown four times in the last 6 months. It is presently helping around 5,000 prospective buyers carry put 1,200 physical property inspections every month.

Ashish Srivastava, Co-founder & CEO, Settlin, says, “The residential resale market is three times that of new houses, and holds the key to organising the entire real estate transactions industry. Settlin is now bridging the gap between lakhs of homebuyers and individual resellers through its hyperlocal gigified approach, which is both standard and personal at the same time."