Zippserv Secures $440,000 in Pre-Series A Funding from Info Edge Ltd.

Zippserv Secures $440,000 in Pre-Series A Funding from Info Edge Ltd.

Bengaluru: Zippserv, India’s first real estate risk assessment platform announces Pre-Series A funding of Rs. 3 crore (around $440,000) from their existing investors – Info Edge (India) Ltd.  Zippserv is a consumer-facing online platform which provides data-driven real estate intelligence to enable smart property purchase. Info Edge India Ltd, which has also invested in Naukri, 99acres, Jeevansathi, Zomato, etc. had also invested Rs. 2.4 crores in ZippServ earlier in the year 2016-17.

Recent Expansion and Product Launches

Zipserv recently expanded to other markets and launched an array of products, such as CleanProperties and PricePoint. CleanProperties provides instant access to land titles, conversion records, building approvals, liens and litigations for thousands of ongoing apartment projects. PricePoint’s analytics engine tracks lakhs of recently registered sale transactions and gives granular actionable insights for buyers at a project level so that buyers get an advantage in negotiations.

Zippserv’s vision is to remove the information asymmetry that exists today and empower property buyers to make the right choice by providing accurate city planning information and affordable professional advice, thereby also making the whole property buying experience a stress free one.

Commenting on their newest development, Sudeep Anandapuram, CEO and Co-Founder, ZippServ said: “For the past couple of months, Zippserv has been focused on making the platform more consumer friendly and technologically enabled. The team at Zippserv is working hard at bringing in trust and transparency to the real estate community through our 2 products – ‘Clean Properties’ and ‘Price Point’. This reflects a significant progress towards building a transparent real estate sector in India. Not only consumers but investors today are actively participating in promoting platforms that reduce the risk involved with property buying”

Growing Steadily

The platform presently has over 400 under construction projects listed in Bangalore and this will be expanded to 1000+ projects in the next few months. The platform lists out all the information a home buyer needs in order to begin their property search. Buyers can start their home buying journey by looking at a curated list of projects in the locality/ neighbourhood where they intend to buy.

Zippserv’s 2,000+ client base includes home and plot buyers, non-resident Indian investors, commercial enterprises and asset management firms. ZippServ will use the fresh funds to aid in the expansion of their offerings to Mumbai and Pune in the coming months.

ZippServ Co-founder and COO Debashish Hota adds, “We will use this funding to strengthen our technology and to aid in our expansion for customers across various markets. We are elated that our original investors Info Edge have reposed faith in our progress and this will only propel us further to achieve new heights.”