India’s First online platform that provides risk assessment services for real estate investments, ZippServe. has raised Rs 2.5 crore ($390,000) from a clutch of investors. The names of the investors were undisclosed.
The Bangalore-based startup was founded in the year 2015 by Sudeep Anandapuram and Debashish Hota. Zippserv provides a comprehensive real estate risk assessment platform. They provides a comprehensive real estate risk assessment platform covering legal and technical/civil engineering due diligence, encroachment & fraud detection services all under one roof.
Zippserv’s vision is to remove the information asymmetry that exists today and empower property buyers to make the right choice by providing accurate city planning information and affordable professional advice, thereby also making the whole property buying experience a stress free one.
Commenting on the startup, Sudeep Anandapuram, CEO and Co-Founder, ZippServe said: ” We plan to expand our services across metros, including Pune and Mumbai, and are also looking to increase our presence in commercial, industrial and agricultural real estate, Our primary customer base comprises the average home and plot buyers. The B2B customer base comprises 10-15% of total revenue.”
The startup has 2,000 client base which includes home and plot buyers, non-resident Indian investors, commercial enterprises and asset management firms. ZippServe will use the fresh funds in the expansion of their product in Mumbai and Pune in coming months.
ZippServ Co-founder and COO Debashish Hota add, “We are elated with the response that we have received in Bangalore in the past 15 months of our operations ever since our launch. This seed fund round will help us to scale rapidly to other cities and to also organically expand our portfolio of services to cater to commercial and industrial segments. In line with recent government initiatives such as the Real Estate Regulatory Authority (RERA) announcement, our vision is also in line with it to bring in more transparency in the real estate sector. In fact, our business model has been designed in such a way so as to champion the needs and concerns of home buyers, without any influence from developers or their patrons.” Read more about Indian Startup Ecosystem.