HeyPillow, an online real estate marketplace, has raised $3 million in Series A funding from Hampton Capital. HeyPillow was co-founded in 2014 by San Fransisco-based Stan Dong, formerly a research scientist at Stanford University in California.
Speaking about the choice of market, Stan said, “India was our first choice for the market’s sheer potential. The country''s real-estate market is set to grow at 30 per cent over the next decade, reaching US $180 billion by 2020, while the housing finance market sits at US $9.7 trillion. This potential also points to the need for a full-cycle real estate experience.”
“We don’t just list residential and commercial properties, but are also a marketplace for home loans and mortgages. HeyPillow also provide tools like mortgage calculators, and useful guides on real-estate purchase and market trend analysis. Another aspect that sets us apart is our desire to grow a community of brokers. While other niche platforms may trade on their exclusion of this audience, we wanted to be the preferred platform for an engaged broker community to build and grow their business,” he added.
With over 15,000 commercial and residential listings, HeyPillow is currently available in Bangalore, Pune, Mumbai and Delhi-NCR. The newly launched platform is set to fill the gaps in existing online real-estate s and names 99 acres, Magic Bricks, and Housing.com as its competition.
The international startup differentiates itself on technological intelligence with a robust big data analytics backend. Additionally, HeyPillow offers value-added services such as personalised dashboards for buyer, sellers, renters, brokers, developers and property owners with provisions for profiles, ratings and reviews. Furthermore, HeyPillow is also moving into the fast-growing home design market, collaborating with interior designers to provide reling and design ideas to users.
Currently available on Google Play, with an iOS app set to go live shortly, HeyPillow is looking to expand to the APAC region and the Middle East in the near future.
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