A PropTech firm, Houze.in, has raised ₹100 crore in funding from a group of investors, including venture capital firms and angel investors. The firm plans to use the funds to expand its operations and improve its technology platform.
According to a report by Inc42, the firm has seen a significant increase in demand for its services, with a 50% increase in revenue over the past year. The firm's platform uses artificial intelligence and machine learning to provide property recommendations to homebuyers.
The funding will be used to hire new talent and expand the firm's operations to new cities, including Mumbai and Bengaluru. As the PropTech sector continues to grow, experts predict that the firm will only continue to expand, with a projected growth of 30% in the next year.
The firm's founder, Rohan Sharma, stated that the funding will help the firm to achieve its goal of becoming the leading PropTech firm in India.
