Holiday home ownership platform Equity Address in talks to raise $2.5 million, ET RealEstate

July 3, 2023

Equity Address, a fintech platform for second home ownership and investments is in talks to raise $2.5 million, against 20% stake in the company to strategic investors.

Equity Address Private Limited is the parent company of two brands Equity Address, a tech enabled marketplace that modernizes real estate co-ownership in second homes and hospitality property management arm, The Venya, marketplace for holiday home rentals across the globe.

“We already are in discussions with the leading VC firms and angel investors and are open to more discussions and applications to close the first round and for the same we have got few soft commitments,” said Mohit Gupta, the Co-founder and CMO of the company.

The company plans to raise the money in a single tranche and expects to close the round in the next 2-3 months.

“Fractional investment model in India will see shift in the real estate industry with SEBI, the market regulator recognizing and validating the model with recently proposed regulations through the consultation paper. This will boost the investor confidence and open the market for capital inflow in an innovative asset class,” Gupta said.

Company already has a mandate of USD 5-10 million in India from real estate developers to offer marketplace to the mid and high-income group individuals across the country. Money raised would be primarily used for asset acquisitions with a part going into operating expenses.

The Venya, company’s property management platform for holiday homes, is currently hosting over 400 homes across 22 countries since last Feb 2022 with another 200 villas in the pipeline with exponential revenue growth month on month.

The overall market size of second homes and retirement villas was USD 1.394 billion in 2021 and is set to cross USD 4 billion by 2026. The industry is growing at a CAGR of 23.6% and is set to further accelerate in future post pandemic Covid-19.

  • Published On Jul 3, 2023 at 01:30 PM IST

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Abhay Singh

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