Funding and M&A Roundup: OpenHouse, Homemove

It's a small Funding and M&A roundup this week, and it's good news for Openhouse in India...

Asia: Openhouse raises $2M seed round to scale resale real estate platform

Proptech startup Openhouse has raised $2 million in seed funding led by India Quotient Ventures and several angel investors.

The capital will be used to build proprietary technology, expand operations, and increase transaction capabilities.

Openhouse is building a full-stack resale platform for India’s secondary residential market. The offering includes AI-driven pricing and end-to-end transaction management, covering buyer sourcing and home staging.

The company also offers pre-negotiated prices with sellers, handles legal documentation support, and provides other property due diligence.

OpenHouse also appears to offer a home renovation service that includes repairs, fresh painting, and deep cleaning, so that any property on its marketplace is move-in-ready for buyers.

On the seller side, OpenHouse's website says the company can guarantee an offer in 24 hours and a 90-day sale guarantee.

According to Openhouse, its pricing and intelligence engine—Data IQ—analyses over 100,000 monthly data points to estimate property values, track demand, and model pricing patterns in NCR. It is also developing Broker AI, a matching engine that connects buyers to residential societies based on budget, location, and intent.

Founded in 2024 by Rahool Sureka and Ankit Khemka, OpenHouse is already partnered with well-known marketplaces, including Magicbricks, 99acres, and Housing.com

United Kingdom: Homemove acquires Home.co.uk

The end-to-end proptech platform Homemove has acquired the real estate portal Home.co.uk for an undisclosed sum.

Home.co.uk is one of the oldest real estate marketplaces in the UK. Homemove is a platform that provides home move services, including searching for an agent, mortgage and conveyancing support, surveys, removals and utilities.

Homemove raised an investment round worth $5m (£3.84m) earlier this year, and it appears to have invested its new capital into a marketplace offering.

James Freestone, co-founder and CEO at Homemove, said:

“Portals have become profit engines instead of product companies. We’re bringing innovation and fairness back to the market as we look to build the most product-led listings destination in the UK. It will always be free to list on Home.co.uk – access to the market should not be paywalled.”

Ben Horton, founder at Home.co.uk, commented:

“Home.co.uk has always stood for independence and informed decision-making. Homemove’s energy and product focus will take that mission further, helping agents and movers make better decisions with richer insight.”