Homexchange secures $4M from HDFC, others to expand its business
Proptech startup Homexchange has secured funding of $4M. HDFC invested via its HDFC Affordable Real Estate and Technology Program (H@ART). Homexchange, a proptech firm, has secured $4 million in a round of investment led by HDFC Capital, Oberoi Realty, and Anarock. The cash will be used by the Mumbai-based business to expand its reach and strengthen its technological platform. The business will also spend in building alliances and expanding its recruiting across several industries. "We are a consumer-focused brand that brings together customers, developers, channel partners, and lenders in a transactional environment based on assurance. That is the enormous opportunity in an industry with $100 billion in transactions annually and expanding," said Shirish Godbole, chairman and cofounder of Homexchange. Shirish Godbole and Jesal Sanghvi created Homexchange in 2020 to allow customers to exchange their old property for a modern one. The company is now active ...