Startup Homesfy Realty raises $1.1 million from investors; files draft paper to launch IPO

Proptech firm Homesfy Realty on Monday said it has raised $1.1 million (about Rs 8.97 crore) from investors to expand business and also filed its draft paper with Sebi to launch an Initial Public Offer (IPO). Mumbai-based Homesfy Realty Ltd is engaged in providing real estate broking services to real estate developers, retail buyers/sellers and investors for residential and commercial space. It has an operational presence in Pune, Bengaluru, and Delhi-NCR as well. The company runs two platforms Homesfy.in and MyMagnet.io.