Zippserv, India’s first real estate risk assessment firm announced that they have closed their Seed Fund round of Rs. 2.5 Cr from undisclosed sources. Headquartered in Bengaluru, the company will be using these funds for their expansion beginning with Mumbai and Pune in the coming months.
For generations now, buying homes in India has been riddled with uncertainties and for most first-time home buyers the experience has been more exasperating rather than an occasion to cherish. The average Indian home buyer has hence had to navigate various challenges including inconsistent and unreliable builder reviews based on hearsay, uncertainty over the genuineness of property documents, poor quality of construction, lack of occupancy certificate, etc. Zippserv was then founded in an effort to provide unique insights for home buyers to help them make their decision using transparent data driven scientific methodologies and the help of unbiased experts drawn from various streams of property validation and approval.
Zippserv’s tech enabled platform helps in verifying the veracity of ownership papers, validating legal wrangles, encroachment related issues, adherence to bye-laws and quality of construction. Zippserv today provides a one stop shop to alleviate any concern related to property purchase be it both old and new.
ZippServ Co-Founder Debashish Hota said
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 into 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.
ZippServ, a real estate risk assessment platform had earlier launched a free Google Map-based Risk Assessment Tool ‘Zippserv Protect’. Last year when BBMP held the demolition drive to eradicate the lake and storm water drain encroachments, Zippserv made its in house technology freely available for Bengalureans who were confused with these sudden developments. Today it is being used by hundreds of home buyers, developers, legal professionals, land surveyors and government departments on a daily basis.
Zippserv was launched in December 2015 by Sudeep Anandapuram and Debashish Hota. They conduct over 400 property due-diligence related services monthly and to date are estimated to have saved over Rs. 300 crores of their customers’ precious earnings.
About ZippServ
ZippServ is an online platform providing comprehensive risk assessment for safeguarding real estate investments. The platform provides the right blend of professional expertise for legal & civil engineering due diligence, fraud and forgery detection, and technology to ascertain encroachments and city planning violations-all under one roof. For more information, please visit ZippServ