Settlin is a proptech digital broker that manages about 12,000 unique buyers every month and sells about 100 homes monthly. The company says it has grown 5X in the last 15 months post its Pre-series A and has proven the model, according to Co-founder and CTO Sudhanshu B. Settlin raised an undisclosed funding round from a group of investors. It plans to expand to Mumbai across all kinds of residential properties in the next 12 months and aims to sell 4,000 units. The company says it is currently raising growth capital. No valuation or financial terms were disclosed in the announcement. Settlin operates a full-stack resale home-buying PropTech platform allowing users to search a large inventory, conduct offline visits via greeters, and complete transactions online. The company claims it completes transactions in about four months versus an industry average of 18 months. With a small core team of 10 part-timers it is executing ~500 visits per month and completing roughly 12 transactions per month. Settlin reports a current ARR of INR 2 cr and a GTV of INR 120 cr, and says it is at break-even and growing organically. Over the past six months it has grown roughly 10% month-on-month. The founders, Ashish and Sudhanshu, bring real-estate experience and technology expertise; Settlin is Ashish’s second startup in the space and Sudhanshu previously built ventures including Autoninja (acquired by ICICI Lombard). The company is the largest player in Bangalore while operating in about one-fifth of the city with selective inventory, and it plans to expand pan-Bangalore and to a couple of other cities.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2000