About Homexchange
Homexchange is a company based in Mumbai (India) founded in 2020 by Jesal Sanghvi and Shirish Godbole. It operates as a Brokerage / Intermediation. Homexchange has raised $4 million across 1 funding round from investors including Oberoi Realty, ANAROCK and HDFC Capital. The company has 22 employees as of April 04, 2024. Homexchange offers products and services including Home Upgrade Service. Homexchange operates in a competitive market with competitors including Opendoor, FlyHomes, OfferPad, McMakler and Loft, among others.
- Headquarter Mumbai, India
- Employees 22 as on 04 Apr, 2024
- Founders Jesal Sanghvi, Shirish Godbole
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Sectors
Real Estate & Construction
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Email
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Phone
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Website
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Social
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- Legal Name Homexchange Private Limited
- Date of Incorporation 17 Sep, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$261.08 K (USD)-50.61as on Mar 31, 2023
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Net Profit
-$846.65 K (USD)-78.55as on Mar 31, 2023
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EBITDA
-$934.63 K (USD)-106.84as on Mar 31, 2023
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Total Equity Funding
$4 M (USD)
in 1 rounds
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Latest Funding Round
$4 M (USD), Series A
Jul 12, 2022
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Investors
Oberoi Realty
& 3 more
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Employee Count
22
as on Apr 04, 2024
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Products & Services of Homexchange
Homexchange offers a comprehensive portfolio of products and services, including Home Upgrade Service.
Instant home sale and upgrade service is provided.
Funding Insights of Homexchange
Homexchange has successfully raised a total of $4M through 1 strategic funding round. The most recent funding activity was a Series A round of $4 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Homexchange
Homexchange has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include Oberoi Realty, ANAROCK and HDFC Capital.
| Investor | Description | Founded Year | Domain | Location |
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Invests in affordable housing projects through real estate funds in India.
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Premium residential building development services are provided.
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Diversified real estate services are provided by ANAROCK.
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Investor details for Homexchange
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Investments & Acquisitions by Homexchange
Investment portfolio details for Homexchange
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Financial Statements - Homexchange
Detailed financials for Homexchange
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Homexchange Comparisons
Peer comparison for Homexchange
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Competitors of Homexchange
Homexchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Opendoor, FlyHomes, OfferPad, McMakler and Loft, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Residential properties are resold via an app-based platform.
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Online reseller platform for residential properties is facilitated.
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Residential properties are resold online, with quotes and inspections managed.
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Online real estate brokerage services for residential and commercial spaces
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Residential properties are resold online by Loft.
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Residential properties are resold online with real-time valuations and offers.
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Detailed competitors of Homexchange
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Latest news on Homexchange
Complete news archive for Homexchange
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Frequently Asked Questions about Homexchange
Homexchange was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Homexchange is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Jesal Sanghvi is the current CEO of Homexchange. They have also founded this company.
Homexchange is a funded company, having raised a total of $4M across 1 funding round to date.
As of Apr 04, 2024, the latest employee count at Homexchange is 22.
Annual revenue of Homexchange is $261.08K as on Mar 31, 2023.
Homexchange is established as Indias pioneering platform for instant home sales and upgrades. Services are offered to reduce the time, uncertainty, and stress associated with selling an existing home to upgrade to a new one. An instant and fair offer on the current home is provided, enabling clients to purchase a new home from marquee developer partners. Operations are currently focused in Mumbai Metropolitan and Bengaluru, with plans for expansion to other cities. The process is designed to be seamless, speedy, and stress-free, supported by experienced real estate professionals and backed by prominent investors.
Homexchange offers Home Upgrade Service.
Homexchange has 4 investors. Key investors include Oberoi Realty, ANAROCK, HDFC Capital, and Shirish Godbole.