Homesfy Realty, a leading player in the real estate industry, has successfully raised $1.1 million in funding from renowned early-stage growth investors including Girish Gulati, Dnyanesh Bhatavadekar, Neha Idnany, Yogesh Bagaria, and Amit Bagaria.
In an official statement, the company revealed its intention to list on the Indian bourses and has already filed its draft red herring prospectus (DRHP) for SME IPO with NSE Emerge. The funds raised will be allocated towards fulfilling the company’s working capital requirements, supporting general corporate purposes, and facilitating organic growth initiatives.
Girish Gulati, a seasoned investor with extensive experience in public equity markets, expressed optimism about Homesfy’s potential impact on the real estate sector. He highlighted Homesfy’s innovative approach, leveraging proprietary technology tools, robust processes, and skilled sales agents to streamline the home-buying experience. Gulati emphasized the pivotal role of Homesfy in driving sales for major developers across India.
Ashish Kukreja, the Founder & CEO of Homesfy.in & MyMagnet.io, underscored the increasing demand for real estate investments in India, fueled by factors such as the pandemic-induced shift towards hard assets and regulatory reforms like RERA. Kukreja reaffirmed Homesfy’s commitment to simplifying the home-buying process and delivering growth to stakeholders, propelled by the recent funding infusion.
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By Proptechbuzz
By Ravi Kumar
