Openhouse secures $2 million funding to reshape India’s resale property market

Openhouse has raised $2 million in a seed round led by IndiaQuotient Ventures, with participation from angel backers.

Founded by Rahool Sureka and Ankit Khemka in Gurugram, India, Openhouse is building a full-stack resale-property platform that focuses on India’s residential secondary market, offering AI-based pricing, buyer sourcing, home staging, legal documentation, and end-to-end transaction management.

The fresh capital will be used to build technology, expand operations, and strengthen transaction capabilities, especially curating verified inventory, scaling home-staging services, and beefing up legal & compliance functions.

• Uses its “Data IQ” engine to analyse 100,000+ monthly data points to produce valuations and demand signals; developing a “Broker AI” tool to match buyers with homes based on budget, location, and use-case.
• Aims to scale monthly gross-merchandise value (GMV) from roughly ₹10 crore to ₹100 crore over the next 4-6 quarters in its NCR micro-markets.