Mumbai | 05-05-2023:
Zapkey, India’s first Home Sale Guarantee platform, has raised pre-Series A funding led by the DSP Group Family Office.
The round also saw participation from existing investors Gruhas Proptech and the DLF Family Office.
Founded by Shubhankar Dongre, Sandeep Reddy & Raja Seetharaman in 2020, Zapkey is a home sale guarantee platform that claims to provide its customers with guaranteed home sales within three months of the listing date. Their pricing is driven by proprietary algorithms which track 1 crore+ property registration records, thereby claiming to ensure a fair market price and transparency in sales. Over the past year in its first market, Zapkey has attracted over 8000 home sellers to its platform and engages 2500+ local brokers as part of its distribution network.
Zapkey also introduced a first of its kind Home Buyer value proposition last year. Armed with the best resale homes on the market, it began offering ready to move in homes with no GST, pre-verified ownership documents, instant site visits, pre negotiated home prices, 3 month seepage warranty and even a 30 day buyback guarantee should a home buyer run into any pre defined issues with a home bought through Zapkey.
The fresh funding will be utlised to fuel geographical expansion and strengthening the tech.
“We couldn’t be more excited to have DSP join our cap table. Easily one of the most powerful names in Indian finance, their access and support is only going to help compound our growth as we open new markets”, said Shubhankar.
“The pedigree of the founders of Zapkey gave us maximum confidence to invest. Add to that the size of the total addressable market and the product market fit that they’ve achieved over the past year checked all our boxes”, added Shuchi Kothari of DSP.