Settlin, a proptech digital broker for resale homes, has raised an undisclosed amount from Powerhouse Ventures, Kyt Ventures, Investo Monk, Guptaji Invests, Ah Ventures, PV Rao (PVR Cinemas) etc. The company has turned profitable recently and will invest the amount in smoothening the working capital flow and increasing its operations. They further aim to sell 4,000 units in the next 12 months, Settlin said.

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Founded by the alumni of IIT-Kanpur & IMT-Nagpur, Settlin is an e-commerce for resale homes providing an end-to-end platform, from property intent to registration. The primary target market for the company is ‘Resale Home’ buying, which is 75% of the market demand and is currently operational in Bengaluru.

Sudhanshu, Co-founder of Settlin, said, “We have grown 5x in the last 15 months, post our pre-series A and have successfully proven the model. Settlin currently handles 12,000 unique buyers monthly and are selling ~100 homes every month."

Settlin said it opts for a digitised approach to buy and sell resale homes online via assembly line automation of 9 different processes for the inventory and buyer, run by independent teams, each at 100-500x efficiency. The company also provides final assistance in safeguarding the token, getting legal verification, drafting agreements, facilitating home loans, ensuring tax compliance, executing the sale deed, etc, it said.

First Published:Nov 17, 2023 12:42 PM IST