Total amount raised
$2 Millions
Latest funding date
05/01/2023
Location
Zapkey has successfully raised funding through multiple rounds, with its latest being a Seed round closed on May 5, 2023. The platform operates in the proptech and home sales guarantee sector, offering services such as property registration data aggregation and a home sale guarantee within three months.
With backing from investors like DLF Family Office and Gruhas, Zapkey aims to enhance trust and transparency in real estate transactions. Keep reading to explore the intricacies of Zapkey's fundraising journey and the investors supporting this innovative platform.
What Is Zapkey?
Zapkey, founded in 2020, operates in the proptech and real estate industry. The company is headquartered in Mumbai, Maharashtra, India, and employs between 11 to 50 people.
Zapkey aims to build trust and transparency in real estate transactions. The platform offers services such as property registration data aggregation and a home sale guarantee within three months.
How Much Funding Has Zapkey Raised?
- Seed Round
- Amount Raised: $2M
- Date: March 2022
- Lead Investors: Gruhas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for initial growth and development.
- Seed Round
- Amount Raised: Not disclosed
- Date: May 2023
- Lead Investors: DSP Family Office
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel geographical expansion and strengthen the company's technology.
Total Amount Raised: $2M
Current Valuation: Not publicly disclosed
Key Investors
- DSP Family Office
- Details: A prominent family office in Indian finance, known for its significant influence and access in the financial sector.
- Investment Focus Areas: Finance, technology.
- Notable Investments: Not publicly disclosed.
- Gruhas Proptech
- Details: Backed by Nikhil Kamath and Abhijeet Pai, Gruhas Proptech is an investment firm focusing on property technology.
- Investment Focus Areas: Property technology, real estate innovations.
- Notable Investments: Property technology startups.
- DLF Family Office
- Details: The family office of DLF, one of India's largest real estate developers.
- Investment Focus Areas: Real estate, related sectors.
- Notable Investments: Real estate projects and startups.
- Blume Founders Fund
- Details: A fund associated with Blume Ventures, which invests in early-stage startups.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Various early-stage technology startups.
- Alkem Labs Family
- Details: The family office associated with Alkem Laboratories, a major pharmaceutical company in India.
- Investment Focus Areas: Healthcare, pharmaceuticals.
- Notable Investments: Not publicly disclosed.
What's Next for Zapkey?
Zapkey's future looks promising with significant opportunities for geographical expansion and technological enhancement. The platform's ability to attract over 8,000 home sellers and engage more than 2,500 brokers highlights its market potential. Leveraging the support of prominent investors like DSP and Gruhas Proptech, Zapkey is well-positioned to scale its operations and improve its service offerings.
As the proptech industry continues to grow, Zapkey may seek additional funding to fuel its expansion and technological advancements. However, the company will need to navigate challenges such as competition from other proptech startups and maintaining the promise of guaranteed home sales within three months. With a strong foundation and strategic investor backing, Zapkey is poised for continued growth and success in the real estate market.
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