Proptech startup Openhouse has raised $2 million in a seed funding round led by India Quotient Ventures.
The round also saw participation from angel investors Mohit Gupta and Gunjan Patidar (ex-Co-founders of Zomato), Gaurav Sharma (Founder, SaaS Labs), and Ramanshu Mahaur (Co-founder, Spinny).
The funds will be used to strengthen Openhouse’s technology stack, expand operations, and enhance its transaction management capabilities.
Founded in 2018 by IIT Delhi alumnus Rahool Sureka and Chartered Accountant Ankit Khemka, Openhouse operates a full-stack resale property platform focused on India’s residential secondary market.
The platform offers AI-based pricing, a 90-day sale guarantee, and end-to-end property transaction support, including buyer sourcing, home staging, documentation, and legal processes.
The startup has developed Data IQ, a pricing and market intelligence engine that evaluates more than 100,000 data points each month to estimate property values and demand trends across NCR markets. It is also building Broker AI, a matching tool that connects buyers with societies based on budget, location, and use case.
Openhouse plans to increase its monthly gross merchandise value (GMV) from Rs 10 crore to Rs 100 crore over the next four to six quarters. The company also intends to strengthen its legal and compliance functions to make transactions faster and more transparent.
