Tech-enabled real estate buying platform Method & Madness Technology has raised $2 million in seed funding led by Tinder founder Justin Mateen and other undisclosed Silicon Valley-based investors. The financing values the company at $12 million, it said.

Founded by former Satellite Builders co-founder Aditya Jhaveri, the real estate startup aims to build an inventory of homes directly from developers in the country. It is also building a fully integrated online to the offline system to facilitate real estate transactions.

“Our mission is to push the real estate industry forward and disrupt the age-old cumbersome processes of home buying. This fundraise will enable us to develop an end-to-end digital platform,” said Jhaveri.

The platform will allow buyers to browse through verified inventory directly listed by developers, compare properties and schedule site visits with sales experts. After home selection, the platform will also help customers with various other processes including paperwork with developers, stamp duty payments, home loan assistance and property registration among others.

“By completely digitising the real estate ecosystem, the company will align with PM Modi’s efforts to build a “Digital India” and transform the way Indians buy homes,” said Mateen.





News Of India

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