Total amount raised
$2 Million
Latest funding date
05/01/2023
Location
Zapkey has successfully raised funds through two distinct funding rounds, with notable investors such as DLF Family Office and Gruhas backing the platform. The company operates as a proptech and home sales guarantee platform, focusing on enhancing 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 is a private company based in Mumbai, Maharashtra, India, operating in the proptech and real estate industries. The company focuses on enhancing trust and transparency in real estate transactions.
With an employee count ranging between 11-50, Zapkey has positioned itself as a key player in property management and home sales guarantee. The company has successfully raised funds through seed rounds, supported by notable investors.
How Much Funding Has Zapkey Raised?
- Amount Raised: USD 2,000,000
- Date: March 2022
- Lead Investors: Gruhas
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of the company's platform and operations.
- 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: USD 2,000,000. Current valuation: Not publicly disclosed.
Key Investors
- DSP Family Office
- Details: DSP Family Office is a prominent family office in Indian finance, known for its significant influence and support in the financial sector. They led the pre-Series A funding round for Zapkey.
- Investment Focus Areas: Finance, technology, high-growth potential companies.
- Notable Investments: Not publicly disclosed.
- Gruhas Proptech
- Details: Gruhas Proptech is backed by Nikhil Kamath and Abhijeet Pai. They led the seed funding round for Zapkey.
- Investment Focus Areas: Proptech, real estate technology.
- Notable Investments: Zapkey, other proptech startups.
- DLF Family Office
- Details: The DLF Family Office is associated with DLF, a major real estate developer in India. They participated in both the seed and pre-Series A funding rounds for Zapkey.
- Investment Focus Areas: Real estate, related sectors.
- Notable Investments: Not publicly disclosed.
- Blume Founders Fund
- Details: Blume Founders Fund is associated with Blume Ventures, a venture capital firm. They participated in the seed funding round for Zapkey.
- Investment Focus Areas: Early-stage startups, various sectors.
- Notable Investments: Early-stage startups across various sectors.
- Aprameya Radhakrishna
- Details: Aprameya Radhakrishna is the co-founder of Koo, a social media platform. He participated in the seed funding round for Zapkey.
- Investment Focus Areas: Technology, social media platforms.
- Notable Investments: Koo.
What's Next for Zapkey?
Zapkey's future looks promising as it gears up for geographical expansion and technological enhancement. With the backing of prominent investors like DSP Group, the company is poised to tap into new markets, leveraging its proprietary algorithms and extensive network of brokers to attract more home sellers.
As the proptech industry continues to grow, Zapkey's innovative approach to guaranteed home sales positions it well for future fundraising opportunities. The involvement of influential investors suggests a strong potential for additional funding rounds, which could further accelerate its growth and market reach.
However, Zapkey may face challenges such as competition from other proptech startups and the need to maintain the accuracy of its algorithms. Scaling operations while ensuring quality and adapting to new market dynamics will be crucial for sustained success.
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