In a move that signals growing innovation in India’s proptech landscape, Openhouse has raised $2 million in a seed round led by India Quotient Ventures, with participation from a remarkable lineup of angel investors — Mohit Gupta and Gunjan Patidar (ex-Co-founders, Zomato), Gaurav Sharma (Founder, SaaS Labs), and Ramanshu Mahaur (Co-founder, Spinny).
The fresh infusion of capital will help Openhouse enhance its technology stack, expand operations, and strengthen its transaction capabilities, according to the company.
Founded by Rahool Sureka and Ankit Khemka, Openhouse is building a full-stack resale property platform aimed at transforming India’s residential secondary market — a space often marked by opacity, delayed deals, and limited data intelligence.
With features like AI-based pricing, a 90-day sale guarantee, and end-to-end transaction management — from buyer sourcing and home staging to documentation and legal support — Openhouse is positioning itself as a trusted partner for homeowners and buyers navigating the complex resale ecosystem.
At the heart of its technology is Data IQ, a proprietary market-intelligence engine that processes over 100,000 data points every month to estimate property values, demand trends, and price movements across key NCR markets.
The company is also developing Broker AI, a matchmaking tool that aligns buyers with properties based on budget, location, and lifestyle preferences, aiming to make the property search experience more intuitive and data-led.
India’s residential real estate market, currently valued at over $60 billion across the top seven cities, is projected to touch $150 billion by 2030, according to market research. Riding this wave, Openhouse aims to scale its monthly GMV from ₹10 crore to ₹100 crore over the next four to six quarters, while also bolstering its legal and compliance infrastructure to ensure faster, more transparent transactions.
As India’s housing market matures, Openhouse stands at the intersection of AI, trust, and real estate, reimagining how the country buys and sells homes in the digital age.
-By Muskan Dengra
