Last Updated:
Openhouse, a Gurugram-based prop-tech startup, raised 2 million dollars from IQ Ventures to boost product development, inventory, and scale its residential resale business.
News18
The Gurugram-based prop-tech startup Openhouse has successfully raised $2 million funding in a seed round by IQ Ventures, according to a report of Outlook Business. In an attempt to professionalise India’s residential resale market, the funding will be utilized in product development, inventory curation and scaling up the services.
Openhouse, a Gurugram-based startup, is eyeing a sharp scale-up in its resale business, with plans to grow monthly gross merchandise value (GMV) from around Rs 10 crore to Rs 100 crore over the next 4–6 quarters. To achieve this, the company plans to expand its verified property inventory, strengthen legal and compliance teams, and enhance its premium staging services to shorten deal cycles and improve efficiency.
IQVentures curates, builds, and acquires businesses focused on data science, GenAI, payments and funding, fintech, and customer service.
The funding round was led by IQ Ventures, with participation from several notable angels, including former Zomato co-founders Mohit Gupta and Gunjan Patidar, SaaS Labs founder Gaurav Sharma, Spinny co-founder Ramanshu Mahaur, and other strategic investors.
Founders Rahool Sureka and Ankit Khemka — IIT Delhi alumni with prior entrepreneurial exits and experience in financial leadership — will oversee the deployment of the newly raised capital.
Indian Residential Market Faces Tapering Sales And New Supply
While the Indian residential market is seen to be stabilizing amid tapering sales and new supply, the commercial office real estate sector is growing steadily across the top 7 cities. Latest ANAROCK Research data reveals a 6% yearly rise in monthly office rentals – from approx. INR 85 per sq. ft. in 9M 2024 to approx. INR 90 per sq. ft. in 9M2025.
Interestingly, despite increased new office completions in the top 7 cities, average vacancy levels saw a marginal 3% yearly decline – from 16.70% in 9M 2024 to 16.20% in 9M 2025. Chennai is the only city to record single-digit office vacancy of 8.90% – the least among all top cities.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
October 30, 2025, 07:59 IST
Read More
