Second-sale realty broker Settlin raises $1 mn in pre-series A round

Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru

Settlin, a digital broker for resale homes, has raised $1 million in a pre-series A round from Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and marquee angel investors Murugavel Janakiraman (Founder & CEO, Bharat Matrimony), Dinesh Agrawal (Founder & CEO, IndiaMART) and others.

Settlin said in a statement that it plans to use the funds for expanding within Bengaluru. It aims to execute 24,000 visits across Bengaluru within the next 12 months, leading to over 800 property sales worth Rs 600 crore.

The company claims it has grown 4x during the past two quarters and is currently helping over 5,000 prospective buyers do